Larraín Nesbitt Lawyers is a Marbella-based independent law firm specialized in property conveyancing, taxation, litigation, probate and succession. Expert native English-speaking lawyers and economists blend legal and practical advice providing tailored assistance on your matter. Our range of services cover the greater Marbella area, Sotogrande and Costa del Sol.

The firm focuses advising foreign investors on acquiring residential property in Spain both from a legal and fiscal point of view. Our no-nonsense approach to business coupled with our commitment to clients ensures easy-going transactions. We pride ourselves in putting our clients’ interests at the forefront of everything we do.

Larraín Nesbitt Lawyers, your legal partner in Spain.

Last Article:

Landlords: we save you 70%, or more, on your tax bill !

Raymundo Larraín Nesbitt, February, 2. 2026

Marbella-based Larraín Nesbitt Abogados (LNA) has over 23 years of experience at your service. We offer a wide range of 60 legal and corporate services. Our team of native English-speaking lawyers and economists have a long track record of successfully assisting expats all over Spain.

You can review here our client’s testimonials.

By Raymundo Larraín Nesbitt
Director of Larraín Nesbitt Abogados
2^nd of February 2026

Introduction

Did you know that non-resident landlords can save an average of 70% in taxes? Interested? Read on.

Being a landlord in Spain has never been more profitable than today:

Rental yields climbed by two digits in 2025. Source: Idealista
Tourist rentals have an average net yield of 7% (coastal areas command higher yields) as opposed to long-term rentals, which have an average net yield of 4%
Spain broke its tourist record again. It has consolidated its hospitality status as the world’s second tourist destination, attracting over 100 million visitors in 2025. They all need accommodation
Spain undergoes a severe housing supply shortage, which drives rental prices up

All EU/EEA property owners, who lease property in Spain, are entitled to deduct from their tax bill all property-related expenses. Iceland, Liechtenstein and Norway tax residents may also benefit from these generous tax deductions. Switzerland is excluded.

That is quite a lot of money you can offset, greatly mitigating your landlord tax bill. This translates into average tax savings of 70%, or more, for landlords. If you are not an EU resident, you cannot benefit from it.

Landlord tax relief

Landlords may claim as tax relief the following property-related expenses:

Interests arising from a mortgage loan.
Local taxes, administrative charges, and surcharges
Expenses arising from formalising rental contracts
Maintenance costs may be offset
Community of owners’ fees
Home insurance premiums
Property repairs
Utility invoices (electricity, water, gas)
Cleaning
Concierge, gardening, alarm & security services
Lawyer’s fees (100% tax-deductible)
Property management fees
Advertising expenses
Marketing expenses
Home depreciation and amortisation

Requirements to benefit from lenient tax allowances:

You are tax resident in the Union or EEA (nationality is irrelevant)
The expenses you claim are in direct relation towards the upkeep of the property
You have VAT invoices to back up your tax relief claim

Real client examples on how much money you stand to save on renting out:

IMAGE TO PASS

Holiday Rental Accounting Service (HRAS)

Only 125/property/year

We specialise in taxation.

Related tax and legal services LNA offers:

At LNA, our friendly team can assist you in buying (or selling) your property anywhere in Spain. We can also get you any residence visa in Spain. Give us a call!

At Larrain Nesbitt Abogados (LNA) we have over 23 years of experience specialising in property conveyance and taxation all over Spain. We also assist clients with immigration & residency visas, and inheritance procedures (probate). You can contact us by email at info@larrainnesbitt.com, by telephone on our UK line (+44) 0754 3838 218, or Spanish line (+34) 952 19 22 88, or by completing our contact form.

Please note the information provided in this article is of general interest only and is not to be construed or intended as substitute for professional legal advice. This article may be posted freely in websites or other social media so long as the author is duly credited. Plagiarising, whether in whole or in part, this article without crediting the author may result in criminal prosecution. Ní neart go cur le chéile. VOV.

Larraín Nesbitt Abogados, small on fees, BIG on service.
2026© Raymundo Larraín Nesbitt. All Rights Reserved.

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Last Blog Entry:

New annual VUDA reporting

Raymundo Larraín Nesbitt, February, 3. 2026

I would like to inform you that Ministerial Order VAU/1560/2025, published on 31 December 2025, makes it mandatory for all landlords of holiday rentals (short-term or seasonal lets) to file an annual electronic report with the VUDA (the VUDA is Spain’s new short-term rental registry).This report offers a detailed breakdown of guests, accommodation dates, etc.

It is mandatory for all landlords who attained an NRA code, to file said annual report with the VUDA electronically.

Period to file it

From the 2^nd of February to the 2^nd of March 2026.

Reporting period

It covers the previous year, all of 2025.

Every rental made during 2025 must be reported to the VUDA.

Do you need a power of attorney to file it?

No, we don’t need a POA to file it on your behalf electronically.

Do you need a spreadsheet?

If you already filed your annual rental income tax with us, we don’t need anything else.

However, if you do not, then we need to email you a spreadsheet with the sections you need to populate.

Legal consequences of not filing the new annual VUDA report

You will be stripped of your NRA code (which gives way to the below bullet points)
You will no longer be able to rent out legally in Spain
This opens you up for the huge fines and penalties that autonomous regions in Spain levy, ranging from 3,000 euros to 1mn euros in Catalonia
Your listings will be removed by rental property platforms (AirBnb, etc)
Suspension of your ability to legally rent online going forward

We’ve published this article on the new VUDA requirement: Landlord’s new guest report to the VUDA in Spain

We offer this legal service: VUDA/NRA annual landlord report filing

The bottom line is that if you are a landlord, and rent out short-term in Spain, you need to comply with this to stay legal and avoid fines and charges against your property.

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Last Press Entry:

Spain’s Digital Nomad Visa

Lionsgate Capital, January, 21. 2026

Lionsgate Capital is the leading mortgage brokerage firm in Spain, specialising primarily in obtaining financing for real estate transactions in the Balearic Islands, Marbella, Madrid and Barcelona. Founded by our Chairman, American serial entrepreneur Drew Aaron and Juanita Casañas, who previously was a Director of one of the largest banks in Spain.

Lionsgate is made up of a team of experienced professionals in mortgage consultancy with outstanding experience in the Spanish banking industry, who understand that every client is different and who do everything possible to ensure every client maximizes their savings by always obtaining the best possible mortgage or financial solution for their particular transaction.

Lionsgate Capital kindly published our article: Spain’s Digital Nomad Visa

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