Recently published official news from the Spanish Inland Revenue (Agencia Tributaria) provides information regarding the ANNUAL INCOME TAX RETURNS CAMPAIGN, (CAMPAÑA DE LA DECLARACIÓN DE LA RENTA), carried out during April, May and June 2019, corresponding to the Tax Year 2018.
Organizing an inheritance in Spain is a difficult task for anyone, especially if you don’t know the Spanish law. In this post we explain the basic steps to be followed when a non-resident or expat owning assets in Spain passes away. It is necessary to carry out a legal procedure in order to change the …
5 Steps to be followed for dealing with an expat or Non Resident Inheritance in Spain Leer más »
Last year alone, more than 61,000 home purchase transactions by foreigners were recorded in Spain, 13 % of all home purchases, an all-time record in Spain.
Do you know why you should be a tax resident in spain? According to Spanish law, individuals residing in Spain for more than 183 days a year are obligated to become tax residents and are required to pay taxes in Spain on their worldwide income. Many foreigners living in Spain permanently, (more than 183 days …
If you haven’t made an annual Tax declaration as a RESIDENT in Spain, but you own a property here, then you are obliged to make a Tax Declaration as a NON- RESIDENT each year before the end of December. Consult with our lawyers in Malaga specializing in taxes in Mijas A typical case is a couple …
Annual Income taxes for Non Resident property owners in Spain Leer más »
According to the Spanish Law 20/2002, approved on January 29, 2002, by the Junta de Andalucía regarding Tourism in Rural Areas, if you own a property in the countryside and want to rent it, you must comply with the following conditions, and first consultant with lawyers in Málaga: – Properties are considered to come under …
MODELO 720: Statement of Assets Outside Spain All those tax residents in Spain, (those living in Spain for more than 183 days a year or when Spain is the main base for your business), should be aware that as a result of legislation passed on 29th October, 2012 for the prevention and control fraud, all …
Modelo 720-Tax in Spain: Statement of Assets Outside Spain Leer más »
In recent weeks we have received numerous enquiries from our clients, regarding letters that they have received from the Spanish Tax Authorities. These letters are being sent en-masse to non-resident property owners in Spain. The correspondence requests that all those non-residents that owned property in Spanish territory in 2010 and /or 2011 present a tax …
This question usually arises after the sale of a property/asset. There are many doubts about when this tax should be paid. Also when a profit is made on the sale of a property/asset there can be uncertainty about the amount due to be paid. The name itself reflects the implications of this tax, capital gains …
What is capital gains tax and when is it applicable? Leer más »
According to the Spanish Inheritance Law each individual who lives in Spain for more than 183 days a year should be a tax resident in Spain, and therefore should pay taxes in Spain for their worldwide income. Many foreigners living in Spain permanently, (i.e. for more than 183 days a year), do not pay any …
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