Non-resident tax in Valencia

Unlike most towns on this site, Valencia is a working metropolis of 840,792 inhabitants where foreign owners buy into ordinary neighbourhoods rather than holiday urbanisations. The favourites are the historic Ciutat Vella, the cafés and market streets of Ruzafa, the restored fishermen's houses of El Cabanyal and the newer seafront blocks of Patacona. Buyers from the United States, the Netherlands, Germany, Italy and the United Kingdom have been especially visible since the mid-2010s.

In the province as a whole, the leading foreign buyers come from Netherlands, United Kingdom, Belgium, Poland. Foreign purchasers represent roughly 12.2% of provincial sales. The typical non-resident property is a pre-war flat in the old town or a 1960s–1970s apartment near the Malvarrosa beach, with cadastral values that mostly date from the 1998 valuation. Resale prices now average €3,473/m² (September 2026). Valencia (VLC) is a half-hour metro ride from the centre.

Every non-resident who owns a Spanish urban property that is not rented out owes an imputed income tax on it, declared on the Modelo 210. The taxable base is the cadastral value multiplied by a coefficient. Valencia's coefficient is 2%, because its last general ponencia de valores dates from 1998: the reduced 1.1% applies, for the 2023 to 2026 tax years, only where values were revised with effect from 2012 or later, and the capital was not; everywhere else the coefficient is 2%.

Worked example with the municipal average residential cadastral value, €48,900 (Catastro, 2026): €48,900 × 2%, taxed at 19% for an EU or EEA resident, gives €185.82 a year for one owner holding the whole flat for the full year. At 24%, the rate for UK, Swiss, US and other non-EU residents, the same flat costs €234.72.

Use the valor catastral on your own IBI receipt, never the purchase price. Income year 2025 is declared during the whole of the following calendar year; from the 2026 income year, Orden HAC/623/2026 moves the window to 1 April – 31 December of the year after. No expenses, allowances or thresholds apply. UK owners have paid 24% since Brexit without any deduction, and should ask their adviser whether the flat belongs on the foreign pages of the Self Assessment return with credit for the Spanish tax. Irish owners pay the EU rate of 19%. US residents also pay 24%, and a Spanish account for the community fees may call for FBAR or Form 8938 reporting.

The IBI on a Valencia flat is collected by Ayuntamiento de València (Hacienda – Gestión Tributaria). The voluntary payment period usually runs 1 April – 1 June. The urban rate currently stands at 0.58%. Direct debit is worth setting up at once: a missed voluntary period triggers surcharges. The receipt shows the cadastral reference and the value on which the Modelo 210 is computed. Duplicates come from the collector's sede electrónica with a digital certificate, or Fiscasa can pull the cadastral data from the address.

Imputed income is charged only for the days the flat was not let, and the rent received goes on its own Modelo 210: EU and EEA landlords deduct a proportional share of expenses and pay 19% on the net, while other landlords pay 24% on gross receipts. Since 2024 the rent is declared annually; for 2026 income the return is filed from 1 to 20 April of the following year.

Short lets in the Comunitat Valenciana require registration in the regional tourism registry. Decreto Ley 9/2024 made the regime stricter: a municipal urban-compatibility report comes first, registrations expire after five years unless renewed, and a stay of more than ten days by the same tenant no longer counts as a tourist let. Valencia city adds its own planning restrictions on tourist flats, most notably in Ciutat Vella, and since 1 July 2025 the national register number from Real Decreto 1312/2024 must appear in any platform listing. Check the regulation in force before advertising.

• Buying mid-year: the imputed income starts the day after the deed and is prorated, so the first Modelo 210 covers only the months actually owned.
• Several owners, several returns: a couple files two forms, each for their own share and under their own NIE.
• Catching up: unfiled years can be claimed four years back; a voluntary late filing costs 1% plus 1% a month (15% plus interest after twelve months), with a 25% cut on the surcharge if paid once notified.
• Paying without a Spanish account: a transfer from a foreign bank to the Agencia Tributaria has been possible since 2023, and no fiscal representative is required for EU or EEA residents.
• Community of owners: keep the administrador's details; the comunidad often has the cadastral reference on file when the receipt is lost.