Tax benefits for property rental companies
If you own several properties in Spain and let them long term, it could be tax beneficial for you to form a company to manage the rentals. There are significant …
Taxation
Your guide to tax on pensions in Spain
If you’re a Spanish tax resident and collect a pension, it’s important to know what your tax obligations are and how much the authorities retain at the source. In this …
Non-residents in Spain can apply for regional inheritance tax
The Spanish tax authorities (Dirección General de Tributos/DGT) have recently confirmed that non-residents can apply regional inheritance tax to assets inherited or donated in Spain. As a result, the latest …
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The pros and cons of buying Spanish property through a company
While the vast majority of Spanish property purchases are made by private individuals, a small percentage (between 10 and 15%) take place through a company. This option of buying real …
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New Tax deductions for property refurbishment
The window has just opened for making your annual income tax returns in Spain for the tax year 2021. As usual, there are several changes in the law, and in …
Recent Supreme Court decision on property ownership and due taxes
The Spanish Supreme Court was recently asked with objective interest for the formation of Case Law to make a decision on imputed income from property in Spain. Non-resident owners of …
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Taxes in Andalucía go down
A reduction in taxes is always good news and this time, it’s taxpayers in Andalucia who enjoy the benefits. Under the latest regional government measures, three taxes in Andalucia see …
Your Guide to reclaiming on the 720 tax Model
As followers of this blog will be aware, the European Court of Justice (ECJ) recently overruled Spain’s collection of fines for non-compliance on taxes for assets owned abroad. This reversal …
Murcia defies central government to remove gift tax for close relatives
The Murcia region in Spain has defied the central government by opting to remove gift tax for close relatives. The PSOE-led government in Madrid has been seeking to homogenise gift …
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