Moving to Spain on a Non-Lucrative Visa changes your tax situation significantly. Spain considers you a tax resident if you spend more than 183 days per year in the country — which means you may owe taxes in both Spain and your home country.
Tax Obligations for NLV Holders
As a Spanish tax resident, you are subject to:
- IRPF (Income Tax) — Annual income tax on worldwide income, with progressive rates from 19% to 47%
- Modelo 720 — Mandatory declaration of foreign assets exceeding 50,000 EUR (bank accounts, securities, real estate)
- Wealth Tax — Applies to net assets above certain thresholds (varies by autonomous community)
- Capital Gains Tax — On investments, property sales, and other capital gains
Beckham Law (Special Tax Regime)
The Beckham Law allows qualifying new residents to pay a flat 24% tax rate on Spanish-source income for up to 6 years, instead of the standard progressive rates. However, NLV holders generally do not qualify since the Beckham Law is designed for workers relocated to Spain. Digital Nomad Visa holders may qualify instead.
US-Spain Dual Tax Filing
American NLV holders face the unique burden of filing taxes in both countries. The US-Spain tax treaty prevents double taxation, but navigating foreign tax credits, FBAR reporting, and FATCA compliance requires specialized expertise.
UK-Spain Tax Considerations
British expats need to understand their UK tax residency status, the Statutory Residence Test, and how the UK-Spain Double Taxation Agreement affects their pension income, rental income, and capital gains.
Find a Tax Advisor
Our partner network includes tax advisors who specialize in expat taxation and understand the specific needs of NLV holders from the US, UK, and other countries.
Moving to Spain? Understand your tax position first
Our vetted Spain tax specialists handle Beckham Law, US/UK/CA tax treaties, pension planning, and ongoing resident tax filings.
Find an expat tax advisor →Disclaimer: The information on this page is for general guidance only and does not constitute legal, tax, or immigration advice. Immigration rules, consulate requirements, and financial thresholds can change without notice. Always verify current requirements with your specific Spanish consulate and consult a qualified immigration lawyer or tax advisor before making decisions based on this content. We make every effort to keep this information accurate and up to date, but we cannot guarantee its completeness or accuracy at any given time.