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 […]
Do I need to set up a company in Spain for rental activity?
Many of our international clients ask the same question: “Do I need to set up a company in Spain to rent out my property, or can I rent as an individual?” The answer is no—you do not need to create a company in Spain to carry out rental activities. In fact, there are several […]
Understanding DAFO – Legalization of properties in Andalucia
Legalization of properties without building license in Andalucia Introduction: The Landscape of Construction in Andalucía Andalucía, a region known for its rich cultural heritage, stunning landscapes, and historical architecture, has also seen significant growth in construction over the past decades. This growth includes not only new developments but also a variety of properties built outside […]
Ways to know who owns a property in Spain. How to detect who is the owner?
Determining Property Ownership in Spain: Legal Complexities and Practical Challenges In Spain, there are numerous scenarios where it becomes essential to identify the owner of a particular property. This need can arise from various motivations, whether they are commercial—such as exploring potential opportunities for purchasing or selling real estate—or legal, where obtaining ownership information may […]
House insurance when renting in Spain
Is the house insurance obligatory? As difference with CAR INSURANCE, where insurance is OBLIGATORY, in respect of houses getting insurance is VOLUNTARY. Although “voluntary”, getting house insurance is highly recommendable, not only to cover eventual risks of robbery, inundation, fire (as the recent unfortunate case in Javea and Benitatxell- We make the best use of this report to […]
Termporary and permanent residence permit for UK citizens
On 2nd July a new law has came into force in Spain to regulate the Spanish residence status of the UK citizens, which creates a new RESIDENCE DOCUMENT to be obtained for those UK citizens to wish to continue in Spain as “Spanish-EU residents”. Taking this into account, what the law is the following one: […]
Can a Buyer Claim Double the Deposit in Spain?
Understanding the Legal Role of Reservation Contracts in Spanish Property Transactions In Spanish real estate transactions, one of the most crucial early steps is the signing of a reservation contract. This document is usually signed after the buyer has chosen a property and reached an agreement on price and basic conditions with the seller […]