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Browsing Tag

‘Property’

  • May 29, 2023

Main aspects of the new Housing Law

The new Law 12/2023, of 24 May, on the right to housing, introduces certain new features which are described below: 1. Large landlords Article 3.k) of the law defines “large landlord” as “an individual or legal entity that owns more ...
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  • January 10, 2022

Relevant changes to the Andalusian planning law

On the 24th of December 2021 the new Andalusian planning law (“LISTA” Spanish acronym) came into force which substitutes the former one enacted in 2002 which has been amended in numerous occasions and caused many disputes and the cancellation of ...
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  • 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 ...
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  • 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 ...
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  • 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 ...
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  • 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 ...
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  • May 25, 2018

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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