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NEWS

Recent rulings on expats’ taxation

Property owners who receive rents and are tax expats will not disqualify as an expat Non-tax resident wishes to become a tax expat in Spain under the rules set out in the Spanish Income Tax Law, with the singularity that ...
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Double taxation on employment carried out abroad

In the case in hand, a Spanish tax resident who works for a subsidiary in Spain of a UK holding company, travels frequently to the UK to work for such company. Remunerations derived from his work, both in Spain and ...
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Taxation on payments made to a company’s director

A 23 April 2019 binding Tax consultation has clarified what retention rate must be applied to remunerations paid by a company to its director or board members when such company is part of a holding group. Salaries and payments received ...
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Can a property be sold twice to different buyers?

A recent Supreme Court ruling dated 28 May 2019, analyses a case in which a same property is sold to two different buyers and it declares once more the importance of registering your property at the Land Registry. In the ...
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Taxation on transfers made between co-owners

The Supreme Court on rulings dated as of 14, 20 and 26 March 2019 has clarified how transfers made between co-owners of real estate should be taxed, under the assumption that they are formalised before a Notary Public. In such ...
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New regulations on rental agreements as of March 6th

The 7/2019 Royal Decree amends, among others, the Law on Urban Rentals. The most significant changes are the following: The minimum term of a contract has been extended fromthree to five years for individuals and seven for companies; consequently, if ...
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Taxes on rentals can be higher than expected

For the past years one of the main aspects which have driven our economy’s growth has been investments in real estate assets across Spain and to a large extent, such came from foreign investors. Many were intended on a buy-to-let ...
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Higher Transfer Tax upon Property Purchase

The Supreme Court in a recent ruling dated 23 May 2018, has determined that property valuations for Transfer Tax purposes can not be calculated by simply applying a multiplier to its Cadastral value, shifting the burden of proof to the ...
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