Regional inheritance tax

Regional inheritance tax finally reduced after public pressure The new rules mean that children and spouses who inherit up to one million euros in Andalucía won’t pay regional inheritance tax to the taxman Regional PSOE and Ciudadanos politicians celebrate the lower-tax deal. The Junta de Andalucía has finally agreed to change the rules over local inheritance [...]

By |2020-07-15T06:00:14+00:00September 26th, 2017|Taxation and Fiscal Representation|0 Comments

Claiming PLUSVALIA Tax

What is the Tax?The Plusvalia Tax is presented to you by the local Council when you sell your property.They assume your land has increased in value since you bought it and levies the increase in value of the plot on where the property is built when it is transferred by way of purchase and sale, [...]

By |2020-07-15T06:00:57+00:00March 27th, 2017|Taxation and Fiscal Representation|0 Comments

LOCAL RATES AND REFUSE COLLECTION CHARGE RECEIPTS 2016 . PAYMENT DUE NOW.

The annual local rate and refuse collection charges receipts of your Spanish property located in the Malaga area are due now. This is applicable for those locations were these receipts are paid through the Patronato de Recaudación Provincial, as Nerja, Marbella, Benahavis, Estepona, Manilva, etc. Payment has to be made before 12th of September 2016. [...]

By |2020-07-15T06:03:32+00:00July 13th, 2016|Taxation and Fiscal Representation|0 Comments

UE REGULATION 650/2012 INTERNATIONAL SUCCESSIONS

On the 4th of July 2012 the regulation 650/2012 of the European Union was approved to try to unify the European legislation on successions due to the increase in the movement of European citizens and the fact that they may have assets or other kind of relations in different countries. It regulates the competence, the [...]

SPANISH TAX REFORM 2015

The Spanish Government passed in November 2014 various regulations which include important amendments to Spanish Corporate Tax, Personal Income Tax. Also minor changes with respect to VAT and taxation of nonresidents. In this latter case the amendments aim to adapt the legislation to the EU law and also to the changes introduced in the personal [...]

By |2020-07-15T07:12:41+00:00August 12th, 2015|Taxation and Fiscal Representation|0 Comments

TAX DECLARATION ON ASSETS HELD ABROAD

The Spanish government has passed new legislation to prevent tax fraud whereby amongst other provisions any person, residing in Spain, who owns assets and rights located abroad on the 31st of December 2012 (bank accounts, values, real estate, insurance, etcetera) must present an informative tax declaration and give detailed information about these assets to the [...]

By |2020-07-15T06:17:10+00:00August 12th, 2015|Taxation and Fiscal Representation|0 Comments

EXEMPTION OF 50% OF THE CAPITAL GAINS TAX ON REAL ESTATE PROPERTY ACQUIRED FROM THE 12.05.2012 TILL THE 31.12.2012

The Spanish government has passed a Regulation mainly aimed at clearing the accumulation of real estate properties repossessed by banks which declares exempt from CGT 50% of the gains from the future sale of Real Estate Property which may be acquired from the 12.05 till the 31.12.2012. This decision will certainly push those potential purchasers [...]

By |2020-07-15T06:18:25+00:00August 12th, 2015|Taxation and Fiscal Representation|0 Comments

NEW 2007 SPANISH TAX REFORMS

Two bills have been passed by the Spanish parliament and will take effect on January the 1st, 2007: the new Income Tax Act and the Tax Fraud Prevention Act, both of which will affect non-residents owning or intending to buy a holiday property in Spain. The Income Tax Act will change certain articles of the [...]

By |2020-07-15T06:19:23+00:00August 12th, 2015|Taxation and Fiscal Representation|0 Comments