British Embassy Warn's Homeowners About Spanish Rental Law
The British Embassy in Spain have issued a warning today for homeowners to ensure they rent properties in compliance with Spanish law. The announcement comes after the discovery of a number of cases where owners have been fined up to €30,000 for renting their property to holidaymakers without the correct permits.
The full article can be read on the Embassy's UK in Spain website.
The regulations on letting tourist apartments (apartamentos turisticos) and holiday homes (viviendas vacacionales) vary by region, this ruling applies for short term lets in the Balearic and Canary Islands.
Owners are normally allowed to long term rent their properties, Arriendos de Temporada is a contract for one year or less and Arriendos de Vivienda for one to five years.
Rental income should be declared to the Spanish authorities for taxation regardless if you are a resident in Spain or not.
More information on letting your property in Spain is available in Spanish from the Sociedad Pública de Alquiler.