INCOME TAX WHEN THE PROPERTY IS NOT BEING RENTED Do I have to declare the Income Tax for non-residents if I do not rent my property? The reply is yes. The law on Non-resident Income Tax includes the case of property as an assumption of income imputation even if you do not rent your property … Read more
Many non-resident owners of real estate property in Spain are worried about the implementation of this new tax which is supposed to be a temporary one and addressed to large fortunes. Even though this tax has been very recently approved, in this article we may be able to provide a brief overview of its configuration. … Read more
Very often the Property Tax (IBI) is mistaken by the Non-resident Legal Person Income Tax (IRPFNR) and many owners think that both are the same tax and that paying one of them (usually the Property Tax) is enough to keep their taxation settled in Spain. In this article we are going to explain in a … Read more
In this blog entry we will tell you about the different sections of your IBI receipt (Property Tax) and also where to find them so that you may manage your taxes with us in an easy way. Why is it important to identify and understand your IBI receipt? Understanding your IBI receipt is essential so … Read more
One of the tax novelties as of January 2022 was brought in by the Law 11/2021 dated 9 July, as a means to prevent and combat tax fraud, and the transposition of the EU Directive 2016/1164, which includes the so-called “reference value” as criterion to determine the taxable income for taxes on Property Transfers and … Read more
Introductory aspects for the GOLDEN VISA application in Spain.
As a result of the Brexit, as of 1 January 2021 the United Kingdom shall receive the same treatment as other countries outside the EU. Below is a list of the most relevant changes regarding the Income Tax for Non-Residents (IRNR) for private individuals. Here is a summary of the main effects on proprietors residing … Read more
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