NEWS

November 28, 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 ...

October 23, 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 ...

September 16, 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 ...

August 6, 2019

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 ...

July 1, 2019

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 ...

June 4, 2019

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 ...

March 28, 2019

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 ...

March 5, 2019

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 ...

December 18, 2018

Recently paid Inheritance tax? You might be entitled to a refund

Non-European tax residents will no longer be forced to adhere to Inheritance tax State regulations and will be entitled to the relevant Autonomous Communities’ tax breaks according to the latest Tax office binding consultations and Supreme Court rulings. Only some ...

July 17, 2018

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 ...

Wealth Tax in Spain for non-European tax residents

Profit participating loans are considered company’s net worth

Recent rulings on expats’ taxation

Double taxation on employment carried out abroad

Taxation on payments made to a company’s director

Can a property be sold twice to different buyers?

Taxation on transfers made between co-owners

New regulations on rental agreements as of March 6th

Recently paid Inheritance tax? You might be entitled to a refund

Taxes on rentals can be higher than expected

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