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Evolution of the Tourist Rent activity in Spain 2023 [no_toc]

Tourist house with luggage

EVOLUTION OF THE TOURIST RENT APARTMENTS IN SPAIN (Viviendas o Apartamentos Turísticos) SPAIN 2023 In Spain, the last year has meant a growth of more than 9% in the number of tourist homes available, exceeding 340,000 and reaching the highest figure since the availability of data (August 2020). These account for just 1.28% of the […]

20-30 % of Non resident tax declarations have errors or mistakes

A 2021 study by the Institute of Economic Studies (IEE) estimated that between 20% and 30% of the declarations of non-residents in Spain could contain errors. In 2022 Civitas Foundation report noted that fines on non-residents for tax non-compliance had increased considerably in recent years. Announcements from the Tax Agency: (“Agencia Tributaria”) • The Tax […]

2024. Increase of property rental profitability in Spain?

House with coins shoiwng increase narrow

Increased profitability in rental of Spanish residential properties (apartments, villas, etc) During these last  months, we have witnessed an increase in housing prices, derived from the lack of supply in the market, as well as inflation that has set the economic pace in recent times. Given this panorama, it is increasingly difficult for Spanish citizens […]

Abolished Tax Valencia Nov 2023 – Inheritance and Gift/Donation Tax

Money with inheritance tax text

New law Valencia region 22nd Nov 2023. 99 % reduction on Inheritance and Donation tax On November 22, 2023 Valencian government approved a new law that will have a huge impact on the regulation of donation and inheritance tax in the Valencian Community (Castellón, Alicante, and Valencia). Click here to see the law It is […]

Why USA citizens move to Valencia city for living?

USA flag with a Spanish house and a youbg couple

Cost of living Valencia is a relatively affordable city to live in, especially in comparison to other popular cities in Europe like Barcelona or Madrid. A study by Numbeo found that the cost of living in Valencia is 30% lower than in New York City and 15% lower than in London. Here is a breakdown […]

Exploring the Enchanting Real Estate Market for 2024: Property for Sale in Spain

Spanish house with buyers

Nestled along the stunning Mediterranean coast, Spain’s real estate market continues to captivate both investors and prospective homeowners alike. As the demand for property in this enchanting country surges, the allure of owning a piece of the Spanish dream has never been stronger. From vibrant cities to tranquil coastal retreats, Spain offers a diverse range […]

Cadastre – “Catastro”

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“Catastro” is the institution which considers  properties for maps, drawings, plans, and is the source of the valor catastral, the assessed  value of property for Tax purposes. Whilst the Registro de la Propiedad and the escritura may well confirm the ownership of a property and the conditions of the same, like in which percentage, if there are limitations or charges […]

TOURIST RENT NON RESIDENT OWNER –  VAT or NOT? – BUSINESS ACTIVITY?

Photo explaining TOURIST RENT NON RESIDENT OWNER - VAT or NOT? - BUSINESS ACTIVITY?

Tax implications on the tourist renting a property in Spain by a NON RESIDENT in Spain. Purely, the rent of a property is not subjected to VAT. This VAT exemption includes any type of rent: Short term rent / Tourist rent Medium term rent Long term rent The reason of this is because the Spanish […]