The new legislation (law 7/2012) passed by the Spanish Government in October 2012 aimed to prevent tax fraud establishes a limitation of cash payments.
Amount of the limitation
No cash… Continue reading
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… Continue reading
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… Continue reading
What are the taxes affected?
Income Tax for both residents and non residents in Spain and the Corporate Tax for the exercises 2007-2010. No mention is made to VAT, Wealth… Continue reading
The Decree foresees three type of cases: isolated properties, settlements of properties which demand public services and Rural settlements which also demands certain services.
The isolated properties are divided into… Continue reading
The tax office is remitting by recorded delivery service to all owners the new ratable value of property in Marbella. There is one month to file a complaint before the… Continue reading
A great number of foreign citizens in their retirement years have invested their life savings in purchasing their dream home in the Andalusian Countryside.
Suddenly they have received… Continue reading
The real estate boom and the high prices of properties on the Coast have given rise to an increased planning pressure in inland… Continue reading
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… Continue reading
According to Marbella’s New Draft Town Planning Regulation, there are around 30.000 dwellings in the municipality which either have been built or are in the process of being built with… Continue reading