Non-resident tax in La Oliva

The north of Fuerteventura belongs to the municipality of La Oliva, and its foreign owners live, part of the year, in Corralejo, El Cotillo, Lajares. Corralejo faces the dunes natural park and the islet of Lobos, with ferries crossing to Playa Blanca in Lanzarote; El Cotillo, on the west coast, keeps an old harbour and the shallow lagoons north of the village; Lajares, inland, has become a surf and artisan village. The seat of the municipality is the village of La Oliva itself, with the Casa de los Coroneles. 30,022 residents are registered in total.

Corralejo has a strong Italian community, and British, Irish and German owners are long established. In the province of Las Palmas, foreign owners come mainly from Italy, Germany, United Kingdom, Poland. The property stock ranges from apartments in the complexes along the dune road to houses in El Cotillo and Lajares bought for surfing and quiet. Foreign buyers account for around 21.7% of purchases in the province. Asking prices currently average €3,697/m² (September 2026), several times the cadastral values that the non-resident tax is based on.

La Oliva's last general cadastral revision took effect in 1994, which makes it one of the oldest in the islands. Two consequences follow. The coefficient is 2%, because the reduced 1.1% coefficient available for tax years 2023 to 2026 is reserved for municipalities revised with effect from 2012 onwards, and all others use 2%. And the cadastral values themselves are low compared with today's prices, which keeps the tax base small. The imputed income tax, declared on the Modelo 210, is the result of multiplying that value by the coefficient and applying the rate for your country of residence.

With the municipality's average residential cadastral value, €49,000 (Catastro statistics 2026), the imputed income is €49,000 × 2%. For an EU or EEA resident at 19%, the tax is €186.20 a year; for a UK, Swiss or US resident at 24%, €235.20. These amounts are per owner for a whole year of sole ownership. Your own IBI receipt gives the value to use, and joint owners each declare their share.

The notional income accrues for the days the home was at your disposal, even when nobody used it. The return for income year 2025 can be filed throughout the following calendar year; from the 2026 income year the window becomes 1 April – 31 December of the following year (Orden HAC/623/2026). Italian and Irish owners pay 19% as EU residents. UK owners have paid 24% with no deductions since Brexit and, if the home is let, normally report that income on the foreign pages of their Self Assessment, with credit relief for the Spanish tax.

The IBI, the municipal property tax, is collected in La Oliva by Ayuntamiento de La Oliva (own collection; sede electrónica). The voluntary payment period is set each year; check the dates with Ayuntamiento de La Oliva (own collection; sede electrónica). A direct debit from a Spanish account prevents the surcharges of the enforcement stage.

The receipt shows the referencia catastral and the valor catastral used as the base of your Modelo 210. It can be downloaded from the collector's sede electrónica with a NIE and digital certificate; if that is not an option, Fiscasa retrieves the cadastral data from the address or the reference.

Homes let to surfers and winter visitors generate rental income, declared on a Modelo 210 for rental income once a year since 2024 (from the 2026 income year, between 1 and 20 April of the following year). EU and EEA residents deduct expenses pro rata and pay 19%; non-EU residents pay 24% on the gross rent. The imputed income then only covers the days the home was not let.

Holiday letting in Fuerteventura follows the Canarian rules: registration of the vivienda vacacional with the Cabildo and display of the number under Decreto 113/2015. The regional law on the sustainable tourist use of homes approved in 2025 allows municipalities to zone and cap tourist homes, with acquired rights for already registered homes under conditions; Corralejo's complexes are a likely target for such zoning, so check the current island and municipal rules before advertising. Since 1 July 2025, every short-term advert needs the national rental register number.

• Bought in the middle of the year: the imputed income runs from the day after the deed, pro rata to the days owned.
• Several owners: one Modelo 210 per owner, each with their own NIE and share.
• Lettings: keep the annual statement from the agency or platform; it determines the split between imputed and rental income.
• Missed years: Spain can claim four years. Voluntary late filing costs 1% plus 1% per full month of delay (15% plus interest after twelve months), reduced by 25% when paid within the deadline given.
• EU and EEA residents need no fiscal representative and can pay by transfer from a foreign account.
• US owners: 24% rate, and a Spanish account may need FBAR or Form 8938 reporting.
• Access: Fuerteventura (FUE) is about forty minutes from Corralejo.