American Investors in Spain: Unveiling Real Estate Dynamics and Navigating the Special Tax Regime
Discover the dynamics of real estate investment in Spain for American investors and navigate the unique tax regime. Your guide to profitable ventures.”
Taxation
Paying income tax on foreign pensions in Spain – don’t get caught out!
Any taxpayer who is resident in Spain and is claiming a pension from abroad must make a number of considerations to avoid any nasty surprises, especially regarding taxation. When in …
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Taxes on your holiday rental property: what you need to know
Many individuals now rent out their second homes to generate additional income. This article explores the taxes associated with putting your Spanish property on the holiday rental market.
Pay now, appeal later. That’s the advice for the new solidarity tax for large fortunes
The immediate implementation of the new Temporary Solidarity Tax for Large Fortunes has created a whirlwind of uncertainty for both resident and non-resident taxpayers with assets in Spain. What should they do regarding planning and optimising their assets? Should they pay it at all if it might be declared unconstitutional?
Comparing taxation across Spain’s regions – FAQs
Being aware of the different tax regimes in every region (Autonomous Community) in Spain is crucial for tax compliance, effective tax planning, making informed investment decisions, complying with regional regulations, and understanding the local fiscal landscape.
Wealth tax and tax on large fortunes liabilities for non-resident shareholders with properties in Spain
Recent legal changes affecting both the Wealth Tax and Tax on Large Fortunes in Spain could have consequences for non-resident shareholders with properties in the country. To explore the implications further or to seek personalised advice, get in touch with CostaLuz Lawyers now and enquire about our tax services.
New tax comes into effect in Spain for those with assets of more than three million euros
A new tax has come into effect in Spain, which will affect those with assets of more than three million euros. This temporary measure, covering the 2022 and 2023 tax …
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Hacienda, Big Data and Inspections on Residency in Spain
The Tax Agency (AEAT) uses various data sources such as mobile phone geolocation, social network surveillance, card transactions, paid invoices, and household supplies to monitor taxpayers suspected of residing in …
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Tax representation for IHT Tax
From the 25th of April 2023, it will become necessary by law to appoint a representative to handle affairs relating to Inheritance and Gift Tax in the following cases: 1. …