A challenge the Administration always has is to set a value for each property. The importance of the value means to choose the tax base and, therefore, the amount of taxes the Tax Agency collects. You might have heard about the Catastral Value (Valor catastral). This is the value Catastro gives to your property so we can calculate the council... Read more »
Plusvalía tax. A second capital gain tax?
It is possible that you do know about this tax if you have sold your property before. If not, this will look like a second capital gains tax. We will show you in this article how it works and explain the possible future of this tax. Which is subject on this tax? The true name of this tax is Impuesto... Read more »
Capital gains tax. How much do I have to pay for my property?
When you get a valuation of your property, you should ask the following question:- How much will the Tax Agency take from my slice of the cake? We can help you to get a better idea of how this tax works in Spain. You should know that Income tax and capital gain tax are attached to the same tax: IRPF,... Read more »
Are you a Spanish resident with a UK driving licence
We have good news for all clients who have a UK driving licence. There is a new agreement between the UK and Spain, after all extensions. The agreement was signed on 14th March 2023 and puts an end to all extensions we had in the last two years. This is definitive. You now have 6 months to swap your UK... Read more »
The definitive guide for annual tax return 2023 for expats (Renta)
Are you ready for another tax year? It’s the time of year to collect all of your documents for your annual tax return. Our tax advisers in Spanish Solutions will help you to prepare everything on time but here there are a few key details you should know in advance: When do I have to submit my tax return? We... Read more »
Why aftersales is important when you buy a property
When you buy a property we think everything finishes with the signing at the notary but, it is a long path until that moment. If the aftersales is not done properly it can cause problems in the future. The 5 steps to be made: Tax Payments It is important that you pay the tax bill related to the operation.... Read more »
How does the Tax Agency know if I am tax resident?
This is something that a lot of non-residents and expats should be aware of. You could think that by only saying you are a non-resident is enough, however, the digital era we are now living in is bringing more tools to the Tax Agency to keep a track and check if you are indeed a tax resident in Spain. An... Read more »
Better taxation for Digital Nomads
The Beckham law is not really a law, it is just an article about income tax law in Spain. The name comes from the famous English footballer, David Beckham when he came to play at Real Madrid. The idea of this was not only to bring football stars to Spain but to make their taxes cheaper. What are the requirements? What are the advantages of this? Are there... Read more »
Unique Business Opportunity – Motorhome Hire Company
A bit different from our usual content but we have a unique business opportunity available at the moment! We have an operational motorhome hire business available to purchase located on the sunny Costa Blanca. This company has an excellent local reputation. The founders set up this business in 2019 to run alongside other company commitments and have grown it include... Read more »
Dissolution of Joint Property Ownership
Dissolution of Joint Property Ownership in Spain combined with Equity Release Dissolution of Joint Property Ownership and Equity Release. There is a way to save a lot of money in Spain, and retain your property even when things go wrong. A Dissolution of Joint Property Ownership (or DJPO) allows joint owners, a couple or just two friends to rearrange their... Read more »