Tax – Ortiz Abogados

November 10, 2022

Sale of property following an inheritance tax reduction for family businesses.

Directorate General of Taxes (DGT). Binding Consultation V1236-22, of 31 May 2022. The case in hand analyses a case in which the deceased dies intestate with an economic activity of renting property with 26 properties assigned to the business. The ...

September 30, 2022

The tax base for the “plusvalia” tax in the case of a property developer

The Directorate General of Taxes (DGT) in its Consultation V0983-22 of 4 May 2022 analyses various questions regarding the calculation of the taxable amount of the municipal capital gain after the purchase of land by a real estate developer, subsequent ...

August 31, 2022

Obligation to declare foreign pensions depending on their amount

The ruling dated 28 June 2022 of the Central Economic-Administrative Court (TEAC) establishes certain thresholds to be taken into account when the taxpayer’s only income is a pension from a foreign source that has not been subject to withholding tax ...

June 8, 2022

Sale of real estate companies: recent tax rulings

Taxation on the sale of companies with real estate as current assets On 29 March 2022, the Central Economic-Administrative Court ruled on the taxation of a sale of shares in a company with real estate accounted for as current assets. ...

July 2, 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 ...

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 ...

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 ...

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 ...

‘Tax’

Sale of property following an inheritance tax reduction for family businesses.

The tax base for the “plusvalia” tax in the case of a property developer

Obligation to declare foreign pensions depending on their amount

Sale of real estate companies: recent tax rulings

Household goods’ taxation upon demise

Recent rulings on expats’ taxation

Double taxation on employment carried out abroad

Taxation on payments made to a company’s director

Taxation on transfers made between co-owners

Taxes on rentals can be higher than expected

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