As the time to prepare your Spanish income tax declarations for 2016 fast approaches, here is a list of the documentation & information you will need.  We’ve also included some handy pointers to help you avoid some of the more common pitfalls people often encounter.

1. Personal information:

  • Full details of all the family members: full name, nationality, full address, marital status (single, married, divorced, etc.), full details of the children, and the date of birth of all of them.
  • A copy of the NIE number for all the family members.
  • A copy of the 2016 IBI receipt of the property which is your primary residence, showing the cadastral reference of the property.
  • Whether the property where you live is owned or rented. If rented, you need the DNI/NIE of the landlord and details of the rent paid during 2016.
  • If the property owned has a mortgage, we will need the capital and interest amounts paid during 2016
  • Copies of the income tax declarations submitted for the years 2012, 2013, 2014 and 2015 (as there may be useful allowances and deductions that may be available for 2016).
  • Any other information that may be relevant.

2. Income information for 2016:

Employment income

  • Certificates showing the salary income received.
  • Certificates showing the pension income received.
  • Any other related income.

Self-Employed income (autónomos)

  • Full details regarding income and expenses during 2016.
  • A copy of the Modelos 130/131 for the first, second, third and fourth quarter 2016.
  • A copy of the social security payments made during 2016.

Income from properties

  • Rental income, as well as all the property costs incurred (community fees, utility bills, local rates, insurance, agents fees, etc), property by property.
  • A copy of the 2016 IBI receipt for each property.
  • Periods where each property has been rented during 2016.
  • A copy of the purchase deed for each property. If there are any mortgages, information concerning the interest on loans paid during 2016.

Income from investments

  • Bank interest. Spanish bank certificates (información fiscal) for Spanish Banks. In the case of foreign banks, details of interest received and any tax paid at source.
  • In the case of dividend income received, certificates showing the income received and the tax paid.
  • If any, income from other investment products (bonds, annuities, life insurances, etc).

Capital gains and losses

  • Profit or losses from the sale of properties, shares, bonds or any other type of investment. For each asset, the dates for the purchase and sale, and the purchase and sale price, and for properties, a copy of the purchase and sale deeds.

IMPORTANT NOTES:

1) Spanish residents have to declare their worldwide income, and not only income from Spain. The Spanish tax year is the calendar year (from 1 January to 31 December 2016).

2) With regard to wealth tax, there is an obligation to file this tax declaration if the net value of your worldwide assets (net value) exceeds 700.000 €, plus an additional allowance of up to 300.000 € for the ownership of the property you are habitually living. If you think you may be obliged to file this declaration, please contact us.

3) Spanish residents have the obligation to declare the ownership of non-Spanish assets that are more than 50.000 € in value at 31 December each year. The categories are bank accounts, properties and other investments. Due to the very high fines involved for late filing, if you think you may be obliged to file this declaration, please contact us.

This list is for information purposes only.

For any questions you may have regarding your income tax declaration, incluing whether you qualify, as well as deadlines and late reporting penalties please contact us here