“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 […]
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 […]
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 […]
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 […]
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. […]
Inspections on banks for property owners by Spanish Tax Office
The Spanish Tax Office, known as the “Agencia Tributaria” (or simply Hacienda), has significantly ramped up efforts to monitor and control the financial activities of individuals and businesses within Spain. This enhanced scrutiny is part of a broader strategy to combat tax evasion and ensure that all residents, including foreign nationals living in Spain, are […]
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 […]