IBI and IRNR: Your Annual Tax Obligations in Spain

IBI

IBI = Catastral Value x Municipal Tax Rate. Typical catastral value is 30-50% of market value. Rates 0.4-1.1%. Example: EUR 80,000 catastral x 0.6% = EUR 480/year.

IRNR

EU residents: 19% on net rental income (deductions allowed). Non-EU: 24% on gross (no deductions). Norwegian owner example: EUR 6,500 net taxable x 19% = EUR 1,235. British owner: EUR 12,000 gross x 24% = EUR 2,880.

The British owner pays EUR 1,645 more annually than the Norwegian owner on identical income.

Tax rates as of January 2026. Always consult a qualified tax advisor.