Spain 2026 Fiscal Update: What Property Owners Need to Know

Spain is set to introduce several important fiscal measures in 2026 that will impact businesses, property owners, and investors alike. These changes form part of the government’s wider strategy to modernise tax reporting, promote sustainability, and provide targeted social support. Below, we break down the key updates and explain why they matter—particularly for those involved in the Spanish property market.

Table of Contents

1. Greater Control Over Bizum Payments

From 2026, Spanish financial institutions will be required to report monthly cumulative Bizum payments received by businesses and self-employed professionals. This measure is aimed at improving tax transparency and combating fraud.

It’s important to note that:

Only business-related transactions are affected
Payments between private individuals remain excluded
Banks will report aggregate monthly figures, not individual transactions

For landlords, property managers, and service providers using Bizum for rent or professional services, this means greater oversight and the need for accurate bookkeeping.

2. Diesel Tax Increase Linked to EU Recovery Funds

Spain will increase diesel taxation at the beginning of 2026 as part of its Recovery, Transformation and Resilience Plan (PRTR). This step is required to unlock further funding from the EU’s Next Generation EU programme.

While the measure primarily targets environmental objectives, it may have knock-on effects for:

Transport and logistics costs
Construction and renovation expenses
Overall cost structures for property-related businesses

3. Tax Incentives for Energy-Efficient Homes and Electric Vehicles

In positive news for homeowners and investors, tax incentives for sustainability improvements have been extended until 31 December 2026.

Energy-efficient home renovations may qualify for income tax deductions of:

20%, 40%, or up to 60%, depending on the level of energy savings achieved

These incentives are particularly relevant for property owners upgrading homes to meet modern efficiency standards or improve rental appeal.

For electric vehicles, buyers can benefit from:

Up to 15% tax deductions on plug-in hybrid and fuel cell vehicles
Deductions also apply to the installation of charging points

In addition, companies can continue to benefit from full depreciation allowances in Corporation Tax for:

Electric vehicles
Charging infrastructure
Renewable energy self-consumption systems

These measures strongly support greener living and add long-term value to properties.

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4. Verifactu Invoicing System Postponed to 2027

The mandatory Verifactu digital invoicing system, introduced under Spain’s Anti-Fraud Law, has been delayed by one year.

New implementation dates are:

1 January 2027 for companies with turnover below €6 million
1 July 2027 for more than 3.4 million self-employed professionals

This postponement gives businesses additional time to adapt their accounting and invoicing systems—welcome news for smaller property-related enterprises.

5. Unemployment Benefit Recipients Exempt from Income Tax Returns

In 2026, individuals receiving unemployment benefits will not be required to submit an income tax (IRPF) return. This measure ensures that changes in social security legislation do not unintentionally increase tax obligations for benefit recipients.

6. Continued Support for Wildfire and Flood Victims

Fiscal relief will remain in place for individuals and businesses affected by:

The summer wildfires
The October 2024 DANA floods

Support includes:

Income tax and Corporation Tax exemptions
Direct financial aid
Coverage for unincorporated entities engaged in economic activities

7. Final Thoughts

Spain’s 2026 fiscal measures reflect a clear dual focus: strengthening tax control and accelerating ecological transition, while continuing to provide social and disaster-related support. For property owners, investors, and developers, these changes highlight the growing importance of sustainability, compliance, and forward planning.

At Keys Property Group, we keep a close eye on legislative developments that affect your investments. If you’re considering buying, selling, or upgrading property in Spain, our team is here to help you navigate the opportunities these changes create.