If you are taxed in Sweden
Sweden taxes worldwide income and applies the credit method to the Spanish tax you have paid.
Credit, and a Swedish property charge
Sweden taxes its residents on worldwide income, and the Swedish–Spanish treaty relieves double taxation by credit: you declare the Spanish income in Sweden and set the Spanish tax against the Swedish liability. A property abroad is also subject to the Swedish kommunal fastighetsavgift in its foreign form, and the practical detail is documentation — Skatteverket wants the Spanish filings, not a summary.
What you actually declare
While you own it
- The Spanish imputed income tax and IBI are paid in Spain.
- The property is declared in Sweden; treatment depends on whether it counts as a private residence (privatbostad).
- Spanish wealth tax has no Swedish equivalent and is not credited against income tax.
If you rent it out
- Spain taxes the rental profit at 19 % with costs deductible.
- Sweden taxes the same income as capital income, currently 30 %, with the Swedish standard deduction rules, and credits the Spanish tax.
- Renting through a licensed holiday let can change the Swedish classification.
When you sell
- Spain taxes the gain at 19 %.
- Sweden taxes 22/30 of the gain on a private residence and credits the Spanish tax.
- Deferral (uppskov) rules for a replacement home have strict conditions when the property is outside Sweden.
Five questions for your own adviser
Is this a privatbostad or a näringsfastighet in Swedish terms?
How is the credit calculated if the Spanish and Swedish tax years differ?
What happens to uppskov if I sell the Spanish house?
Which Spanish documents does Skatteverket accept as proof of tax paid?
Does co-ownership with seven others change the Swedish classification?