Calculator
Spanish holiday-let calculator: monthly profit and rental tax
Enter your nightly rent, expected occupancy and running costs to see gross income, deductible expenses, Spanish non-resident rental tax (Modelo 210) and your net monthly profit — for EU/EEA owners at 19% of net income and other owners at 24% of gross rent.
Last updated Reviewed by our Clifton International finance team.
In short
How do I work out the profit on a Spanish holiday let?
Multiply your nightly rate by 365 × occupancy to get gross rent, deduct cleaning, management, utilities, community fees, insurance and mortgage interest, then apply Modelo 210 tax — 19% of net income for EU/EEA residents or 24% of gross rent for everyone else. The remainder, divided by 12, is your net monthly profit.
Your figures
Achieved rate across the year, not the peak-season rate.
About 237 booked nights a year.
Only the cost you pay — guest-paid cleaning fees excluded.
Full-service managers charge 15–25% of gross rent.
Utilities, community fees, IBI, insurance, internet.
Interest only — capital repayments are not deductible.
Taxed at 24% of gross rent — no deductions.
Your estimate
- Gross annual rent (237 nights)
- €42,660
- Cleaning & laundry
- −€4,266
- Management / platform fees
- −€7,679
- Other running costs
- −€3,840
- Mortgage interest
- −€0
- Net income before tax
- €26,875
- Modelo 210 tax (24% of gross)
- −€10,238
Net monthly profit after tax
€1,386
€16,637 a year after expenses and Spanish rental tax.
As a non-EU owner you pay 24% on the gross rent with no cost deductions — on these figures that is €10,238 of tax on €42,660 of rent. UK owners can usually claim double-taxation relief at home for the Spanish tax paid.
Illustrative only — deductible expenses, depreciation and your exact Modelo 210 position should be confirmed with a Spanish tax adviser. Capital mortgage repayments are not deductible or shown here.
Before you rely on these numbers
Profit only matters if the property can legally be let and the purchase can be financed. Check the tourist licence and tax rules by region, read the Modelo 210 filing guide for deadlines and forms, and see how lenders treat holiday-let income before assuming rent will support your borrowing. To compare ownership costs, try the Spanish mortgage calculator.
Holiday-let profit and tax FAQs
How much tax do I pay on Spanish holiday-let income as a non-resident?
19% on net rental income after deductible running costs if you are resident in the EU, Iceland, Norway or Liechtenstein, or 24% on the gross rent with no deductions if you live anywhere else, including the UK, the US and the UAE. The return is Modelo 210, filed annually between 1 and 20 January.
What expenses can I deduct from Spanish rental income?
Only if you are EU/EEA-resident: mortgage interest (not capital), community fees, IBI, utilities paid by you, insurance, management and cleaning costs, repairs and a depreciation allowance. Non-EU owners are taxed on gross rent at 24% with no deductions.
What occupancy rate should I assume for a Spanish holiday let?
Prime coastal and city properties on the Costa del Sol, Balearics and Canary Islands commonly achieve 60–75% annual occupancy; inland and shoulder-season-dependent areas often run at 40–55%. Be conservative — lenders and the tax office both work from documented income, not projections.
Do I pay VAT on holiday rental income in Spain?
Not on purely residential letting. If you supply hotel-style services such as daily cleaning, reception or linen changes during the stay, the letting can fall within Spanish VAT at 10% and should be reviewed with a Spanish tax adviser.
Does this calculator cover the tourist licence side?
No — it models profit and tax only. Before underwriting any holiday-let income, confirm the property can legally be let short-term in its region and municipality. See our regional licence and tax guide for the current rules.
Lender appetite matrix
Who lends to your profile here
Holiday-let investment — appetite across every buyer profile. Indicative panel appetite reviewed July 2026 — not an offer of finance.
UK buyer (non-resident)
SelectiveMax LTV 60%Rental income rarely counted in full; affordability assessed on personal income.
Holiday-let & licence guideUS buyer (non-resident)
LimitedMax LTV 50–60%Requires a lender comfortable with both US persons and letting income.
Holiday-let & licence guideUAE / GCC-based buyer
LimitedMax LTV 50–60%Assessed on personal income; letting projections are supporting evidence.
Holiday-let & licence guideEU buyer (non-resident)
SelectiveMax LTV 60–70%Licensed tourist rental in a permitted zone helps materially.
Holiday-let & licence guideSwiss / Norwegian buyer
SelectiveMax LTV 60%Personal income led; rental treated as secondary.
Holiday-let & licence guideSpanish resident / fiscal resident
SelectiveMax LTV 70%Licensed rental income can be partially counted for affordability.
Holiday-let & licence guideCorporate / SPV purchase
LimitedMax LTV 50–60%Serviceability tested on the trading accounts of the SPV.
Holiday-let & licence guide
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Buying a Spanish holiday let?
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