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 […]
What is AJD – Actos Juridicos Documentados -A general scope in Spain
AJD – Actos Jurídicos Documentados (Stamp Duty) in Property Transactions in Spain – When engaging in property transactions in Spain, particularly in the context of purchasing, selling, or mortgaging real estate, it is crucial to understand the implications of the AJD (Actos Jurídicos Documentados) or Stamp Duty. This tax applies to various legal acts documented […]
Tax service for residents-non residents
Who We Help Foreign Residents in SpainIndividuals who have moved to Spain and need ongoing tax guidance. Non-Residents with Assets in SpainProperty owners, investors, and heirs who are not tax residents but have fiscal obligations. International Companies and InvestorsCorporations with operations or interests in Spain, including permanent establishments. Digital Nomads and Remote WorkersThose seeking clarity […]
What is better in tax when buying a house in Spain, buying with company or as individual?
Buying Property in Spain: Should You Buy as an Individual or Through a Company? When purchasing property in Spain, a key consideration is whether to buy as a private individual or through a company. This decision can significantly impact your tax liability and long-term financial planning. This guide provides a comprehensive comparison of the Spanish […]
Catastro inspections in Spain. Undeclared constructions
How is your property registered in Catastro office? The General Directorate of Cadastre activated an extraordinary regularization process to locate properties whose owners (individuals or companies) are not taxed for them or do so incompletely. It is what is called the “cadastral amnesty”, which is a process very similar to the famous tax amnesty and […]
USUFRUCT IN SPAIN – REDUCING INHERITANCE TAX?
THE USE OF THE USUFRUCT TO REDUCE SPANISH INHERITANCE TAX It is very common to find ourselves in situations where it is advisable to study various financial possibilities in order to find the best tax formula when purchasing real estate. On many occasions we find that many of our clients ask us about the best […]
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 […]
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 […]
Increase of previous years Council Tax (IBI) for undeclared constructions
When you own a property in Spain, it’s crucial to ensure that all constructions, including any extensions or modifications, are properly declared to the Cadastre (Catastro), the official register of property for tax purposes. Failing to do so can lead to unexpected tax adjustments and financial liabilities, particularly when you decide to sell the property. […]