NEWS

3 August, 2020

Tax residency in Spain during lockdown

In a recent tax binding consultation ref. V1983-20, the question is raised on whether a forced stay in Spain due to lockdown will count to qualify as a Spanish tax resident. The case in hand relates to a Lebanese couple ...

2 July, 2020

Household goods’ taxation upon demise

Upon the demise of a person in Spain, our Inheritance law deems as part of the estate all household goods. It is presumed by law that the value given to such goods is 3% of the estate’s value, unless the ...

27 March, 2020

Main aspects to be considered by companies amid COVID-19

The outbreak of the new coronavirus, responsible for COVD-19, has put under huge pressure many companies across Spain and the world. In order to mitigate the effects of such virus, the Spanish government has implemented several measures of which we ...

27 February, 2020

Wealth tax for non-residents who indirectly own assets in Spain

Spanish Wealth Tax (WT) taxes individuals’ net worth, i.e. assets directly owned by them minus charges and encumbrances which might diminish its value. Non-tax-residents in Spain are only taxed with WT on assets held in Spain. In this case (binding ...

28 January, 2020

Exit tax upon loss of Spanish tax residency

If you are a Spanish tax resident and are thinking about changing your tax residency to a different country, you might have a tax liability for unrealised capital gains. Binding consultation ref. V2959-19 explains the tax consequence for an individual ...

27 December, 2019

Claiming a plusvalia tax refund when you are not the liable taxpayer

The Supreme Court has recently decided if a person who agrees to pay a plusvalia tax upon purchasing a property, even when from a legal point of view the other party is liable of such payment, is entitled to claim ...

29 November, 2019

How are profit participating loans considered for Wealth tax purposes?

Profit participating loans (PPL) granted to companies are usually defined as a transfer of money to a company by which the lender is rewarded by variable interests rates usually depending on profits. In early anticipation events, such loan is rewarded ...

28 November, 2019

Wealth Tax in Spain for non-European tax residents

Binding tax consultation ref. V0676-19 examines a case where a Mexican tax resident owns several properties in Madrid and its possible wealth tax taxation. Any individual – non Spanish tax resident – is taxed on assets it may own in ...

23 October, 2019

Profit participating loans are considered company’s net worth

The Directorate General for Registers and Notaries (DGRN) on a 19 June 2019 resolves an appeal against a Companies’ registrar decision to not register a shareholders’ decision. The appealing company agreed to transform its company from a public limited company ...

16 September, 2019

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 ...

Tax residency in Spain during lockdown

Household goods’ taxation upon demise

Main aspects to be considered by companies amid COVID-19

Wealth tax for non-residents who indirectly own assets in Spain

Exit tax upon loss of Spanish tax residency

Claiming a plusvalia tax refund when you are not the liable taxpayer

How are profit participating loans considered for Wealth tax purposes?

Wealth Tax in Spain for non-European tax residents

Profit participating loans are considered company’s net worth

Recent rulings on expats’ taxation

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