Taxes on the sale of Spanish properties. Capital Gains
In case you have decided to SELL your Spanish property, please, pay attention to the following concepts which will help you to know about the Capital Gains Tax that you have to pay on the sale: 1.- PRICE OF ACQUISITION: This is the total price of the property paid to the vendor on completion of […]
Tourist license and Rentals – VAT?
Tax Implications on the Tourist Renting of a Property in Spain by a Non-Resident When a non-resident in Spain decides to rent out their property, particularly for tourist purposes, understanding the tax implications is crucial. While it may seem straightforward, the Spanish tax system has specific rules that apply depending on how the rental activity […]
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 […]
Tax on Cryptos – Regulation in Spain
HOW ARE BITCOIN, ETHEREUM, RIPPLE, ETC. TAXED IN SPAIN? WHAT ARE THE OBLIGATIONS OF THE TAX REGULATIONS IN SPAIN IN THIS REGARD? .I HAVE BOUGHT CRYPTOCURRENCIES, DO I HAVE TO PAY TAXES? It depends on the tax: INCOME TAX For income tax purposes, the mere “possession” of cryptocurrencies does not imply that they must be […]
Tax when buying plots for construction in Spain
For the correct identification of the Spanish taxes derived from the purchase of a plot or land intended for construction, several factors must be taken into account: Tax status of the seller Tax status of the buyer Nature or urban classification of the land or plot Nature or urban classification of the construction Table […]
Taxes on property rentals
When you rent a property, you receive “rent” which is subject to Spanish “Income Tax” in Spain, which varies depending on whether you are a “Spanish tax resident” or “Spanish non-resident”. If you are a resident, the tax to be considered is the Resident Income Tax (IRPF- “Personal Income Tax”), and if you are not […]
Tax on property rentals
Tax on Spanish property rentals. How much to pay?. The importance of keepign a well programmed Depreciation and Expenses list for tax reduction.