Tax Declaration on Rental Income

If you completed on a property before December 2006 you are now required to declare your rental income to Hacienda:

"Due to the new Income Tax Act which has taken effect from January 1st, 2007, non-residents have to declare whether his/her property in Spain has generated revenue from rentals or not. Owners must continue to present this declaration every year to the Tax Office, ensuring that all documents are completed and up-to-date."

We are now nearing the end of the year so you only have a month left to present your 2006 declarations!