Real Estate Crowdfunding in Spain: What Are the Tax Implications for French Tax Residents?

How is income from real estate crowdfunding taxed in Spain?

When you invest in a project through a real estate crowdfunding platform, the interest you receive is subject to taxes. As a French tax resident investing in a Spanish project, the interest is subject to:

• A 19% withholding tax imposed by the Spanish tax authorities if the issuing company is Spanish.
• The French tax authorities will withhold 30% of the interest earned if you are subject to the flat-rate withholding tax (PFU), with certain exceptions (those exempt from income tax or cross-border residents).

How can you avoid double taxation?

The tax treaty between France and Spain prevents double taxation. To do so, you will simply be asked to prove that you reside in France. Until we receive your French tax residence certificate, debits from your Raizers account will be blocked until the interest from the Spanish transaction is paid out, and a 19% withholding tax will be deducted in addition to the flat tax at the time the interest is paid, before your debits are released.

A. For Individuals

To do this, you’ll need to have a tax residency certificate validated by the tax authorities. This is Form No. 731 if you’re investing as an individual. You’ll need to fill it out and send it to the tax authorities via the secure messaging system on the impôts.gouv.fr website, which will return the signed document to you; you’ll then need to forward it to Raizers.

This document must be renewed annually as long as you have ongoing investments in Spanish operations.

You can find this certificate on the page My Taxes page in your personal account. A message will appear in your personal account when you need to provide the certificate to Raizers.

To complete it, you will need to provide the following information:

• Your first and last name, your occupation, and your full home address.
• Check the box labeled“Request to apply a tax treaty for the purpose of applying the treaty rate.”
• Tax Treaty between France and: Spain
• Check the " Interest " box for the type of income
• The other fields should not be filled in

Once these steps have been completed, you will automatically be exempt from Spanish withholding tax and will be subject only to your usual French tax obligations.

B. For companies

The tax residency certificate for legal entities (French Form No. 730-FR-ES) is available directly through the legal entity's tax account:

• Go to your account on impots.gouv.fr
• Go to “Tax Account”
• Go to “Tax Certificate”
• You will then need to fill in the following information:
  • Preferred language: SPANISH
  • Year in which revenue is collected: 2025
  • Signatory country to the tax treaty: Spain
  • Type of income: Check " Interest "
  • The other fields should not be filled in.
• As soon as you receive the certificate, you must submit it to Raizers via the My Supporting Documents page in your Raizers account.

Once you have obtained this certificate and submitted it to Raizers, your income from this investment will not be subject to withholding tax in Spain.

This document must be renewed annually as long as you have ongoing investments in Spanish operations.

If needed, you can find a detailed procedure by clicking the following link.

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