Tax obligations as owner of a Spanish property
[toc] Important points to consider as property owner in Spain Which obligations I have as owner of a property in Spain? As owner of a Spanish property you have to fulfil the following obligations: To make the declaration of “WealthTax” every year (in case the value of your Spanish assets are higher than […]
Example on Calculation of Plusvalia
MODIFICATIONS OF THE TRLHL IN THE IIVTNU («MUNICIPAL PLUSVALIA») BY RDL 26/2021 (BOE 9/11/2021, IN FORCE SINCE 10/11/2021). Sales of properties in Spain are taxed with 2 taxes: – Capital Gains – Tax on the profit obtained from the acquisition and the sale of the property . This tax is paid to the Central Government […]
“Catastro Urbano” vs “Catastro Rustico”
“Catastro Urbano” vs “Catastro Rústico”: Understanding Property Classification in Spain When dealing with property in Spain, particularly in regions like Valencia, it’s crucial to understand the distinction between “Catastro Urbano”(Urban Cadastre) and “Catastro Rústico” (Rustic Cadastre). These terms refer to different types of land classifications that have significant implications for how your property is taxed, […]
Cadastre – “Catastro”
What is Catastro in Spain? “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. Is it the same as Registro de la Propiedad? No. Whilst the Registro de la Propiedad and the escritura may well confirm the ownership of a property […]
What is considered an income from real estate for Spanish taxes?
Returns on Real Estate Capital in Spain: A Detailed Explanation 1. What is considered “earnings on real estate capital”? “Earnings on real estate capital” in Spain refer to the income generated from the leasing of rural and urban properties, as well as income derived from the creation or transfer of rights related to the use […]
Loans in Spain – How much in taxes to pay
Taxation of Loans in Spain for Non-Resident Lenders: A Comprehensive Guide When it comes to the taxation of loans in Spain, especially those involving non-resident lenders, the legal landscape can be quite complex. Understanding the rules governing the taxation of these loans is essential for both lenders and borrowers to ensure compliance with Spanish tax […]
Purchase of furniture taxed in Spain
Do I Have to Pay Taxes When Buying Furniture in Spain? When buying a property in Spain, especially as a foreign buyer, it’s common to encounter offers where the house is sold fully or partially furnished. However, a widespread misconception exists: many buyers believe that if they pay separately for the furniture, that […]
How to declare real estate yields for Spanish taxes?
Real estate yields in personal income tax. What are RETURNS ON REAL ESTATE CAPITAL ( Art. 22.1 Income Tax Law). Those derived from the lease or from the constitution or transfer of rights or powers of use or enjoyment over rural and urban real estate or real rights that fall on them, whose ownership corresponds, […]
Wealth Tax in Andalucia – Abolished?
Decree-Law 7/2022, of September 20, has modified Autonomous Law 5/2021 in such a way that a new article 25 bis is created, according to which it is established that, after the deductions and bonuses regulated by the regulations of the State, a regional bonus of 100% of said fee will be applied to the resulting […]
Fiscal-Cadastral Value in Spanish resales
Understanding “Complementaria Letters” from the Spanish Tax Office: When You Buy a Bargain Property In recent years, it has become increasingly common for property buyers in Spain, especially those who have acquired properties at seemingly “bargain” prices, to receive unexpected letters from the regional tax office. These letters, known as “complementarias” which is a request […]