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31 articles found
There are currently a variety of different types of company classifcations in Spain and you need to give some thought to which will suit you best for Tax purposes, aswell as for other legal and... more
Same-sex marriages were made legal in Spain in June of 2005, whereby all civil marriage in Spain now allow homosexual couples the same legal, adoption and inheritance rights as heterosexual couples.... more
If you have been lucky enough to find employment working for a UK registered company in Spain – or even if your current employer is relocating you from the UK to Spain, you need to be aware of the implications... more
If you were Non-Spanish resident who sold a property in Spain between January 1997 and December 2006, chances are that you paid 35% Capital Gains Tax... more
Whilst all EU nationals have the right to find employment in spain without a work permit, finding employment may not prove to be easy if you are outside of the major towns and cities, or away from... more
Although the Taxes in Spain are comparatively lower than in the UK , they can often be much more complex and need to be be understood if you are to remain on the right side of the law... more
The UK is currently under Investigation from Brussels as apparently being in breach of EU Duty Free regulations and the duty free allowances permitted by the EU. This is likely to be lengthy process - however until this is resolved the situation remains as follows ..... more
Spanish Capital Gains Tax or Impuesto sobre Incremento de Patrimonio de la Venta de un Bien Inmeuble is complicated, but in simple terms, it is a tax charged on capital gains, i.e. the profit made... more
All Non-resident owners of Spanish properties are liable for paying Spanish income taxes - regardless of whether they actually have any earnings in Spain, or let their property out for a small income.... more
A common mistake made by foreign buyers of Spanish property is that of assuming that any purchasing procedures and legal formalities associated with any such sale are the same as in their own country.more
When buying a house in spain it is important to give some thought to the taxes you will have to pay. Of course, as in the uk, there are also on-going costs and taxes to consider and these will... more
When you buy a resale property in Spain you must pay transfer tax (ITP). This is currently at 7% of the purchase price. If, at a later date, the Tax Authority consider that the declared purchase... more
The number of 'bargain', or distressed properties on the market at the moment can cause many an eager buyer to commit themselves to a purchase without any prior thought to the costs involved in... more
The idea of making your tax return as a Spanish resident worries a number of people. In fact, it is almost always a painless process which can even be completed online - It also enables you to prove... more
It doesn't need to be said that is no shortage of information out there concerning QROPS - Qualifying Recognised Overseas Pension Schemes - and much of the advice given is very good. The problem is... more
Up until relatively recently avoiding the payment of taxes has been regarded as almost a national sport by most Spaniards, and they have traditionally looked upon those Foreigners who diligently pay their due taxes with a bit of bewhilderment... more
Aside from paying the Taxes associated with Buying & Selling Property As an Employer, as an Employee or Inheritance Tax, some or all of the following Municipal (Town Hall) Taxes may apply..... more
It is a rarely spoken truth that a high number of those moving overseas to start a new life, will move back to the UK due to Legal, Financial or Personal reasons after a given period of time. Not... more
It is always useful to be familiar with various words and phrases that can occur wherever and whenever you are faced with any kind of bureaucracy in Spain. You might want to print our this page and keep it with your legal documents... more
Your move to Spain is complete and you’ve settled in to your new house, work and lifestyle. But what about your future here?
Will you be here at retirement age, and will you be eligible for a... more
You would be surprised how many people this issue relates to. Although there is no requirement for anybody to make a Spanish Will, by having one you will ensure a cost effective means of simplifying... more
Non-Resident owners of Spanish property
are reminded that they are legally obliged to submit an Income Tax declaration - and now, after being reintroduced- a Property Wealth Tax declaration... more
The issue of where to make a will, and the implications which it may have on inheritance tax liabilities is one that is often overlooked by many non-resident owners of property in Spain... more
With the summer season in full swing, the Agencia Tributaria (Spain's tax authority) is launching a campaign to cut down on illegal property rentals. We asked Raquel Perez from
Perez Legal Group
... more
Industry insiders love to use jargon, and often this can only serve to confuse the rest of us - here are just a few of the common terms and phrases that you may come across..... more
Anyone who either owns or is planning to buy property in Spain needs to know about the Catastral value of the property... more
Inheritance Tax in Spain is always in the minds of those who own property and at first glance the law seems very complicated and it's often the case that most people simply stick their heads in the... more
What is IVA in Spain? IVA or Impuestos sobre el Valor Añadido, put simply, is the UK equivalent of VAT and is applied to pretty much everything you... more
The Socialist PSOE Government abolished wealth tax (impuesto extraordinario sobre el patrimonio) - often referred to as simply 'el Patrimonio' in Spanish - on the 1st of January 2008 in a bid to... more
IBI (Impuesto sobre bienes inmuebles urbana / rustica) is a tax that is payable by the owners of all Spanish properties - regardless of their residential status.
The request for payment... more