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 […]
Tax on buildings-installations and works in Spain
The tax on constructions, installations and works (ICIO) is an indirect, municipal, voluntary establishment and management tax exclusively attributed to the municipality that establishes it. Taxable event The taxable event of the ICIO is constituted by the realization, within the municipal term, of any construction, installation or work for which the obtaining of a works […]
Regulation- Beckham law- Digital Nomad-Spain
NOMAD DIGITAL WORKERS LAW DECEMBER 2022 – NEW SPANISH “BECKHAM LAW” The Spanish system aimed at attracting foreign talent is widely known, through a special tax regime for workers posted to Spanish territory, better known as the Beckham Law (LIRPF art.93). This system results in those displaced to Spain being able to “opt” to be […]
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.