Tax Information in Spain


Tax Information in Spain – Property taxes for non-residents

Tax Information in Spain – The tax you pay, and the declaration you have to make, largely depends upon whether you rent out your property or no. Foreigners may be surprised to discover they are expected to pay income tax even if they don’t rent out their property in Spain.

Read more

Spanish Capital Gains Tax Rates on Property
When you sell a property in Spain you have to pay capital gains tax on any profit after taking into account all deductions and allowances.

Read more

Spanish income tax for expatriates
The key things expatriates need to know about becoming a taxpayers in Spain

Read more

Spanish succession tax

It is important for anyone who owns property in Spain, or other Spanish assets, to familiarise themselves with Spanish succession tax on inheritances. It is different from UK inheritance tax and has a real top rate of nearly 82%! It is payable if the beneficiary resides in Spain or the asset being passed on is in Spain.

Read more

Spanish Wealth Tax (Patrimonio)
The Spanish wealth tax, known as patrimonio, might catch you buy surprise.

Read more

The Plusvalia Property Tax in Spain
Here we explain the Plusvalía Municipal tax, a type of local or municipal capital gains tax on property in Spain.

Read more

Three percent Capital Gains Tax retention on property sales by non-residents
Explanation of the Spanish capital gains tax retention, or three percent withholding tax, on property sales by non-residents

Read more

Transfer tax on resale homes – Impuesto de Transmisiones Patrimoniales (ITP)
Home buyers in Spain have to pay a transfer tax, known as ITP (Impuesto de Transmisiones Patrimoniales) when they buy a resale property. The rate varies from region to region

Read more

How you become a tax resident in Spain
If you move to Spain permanently for six months or more you will almost certainly become tax resident and be obliged to pay income, capital gains, and wealth taxes on your worldwide assets and be subject to Spanish inheritance and gifts tax rules.

Read more

Are you resident in Spain for tax purposes?
It can be surprisingly difficult to establish one’s tax residence in certain circumstances. The onus is on the taxpayer to get it right in order to avoid the charge of tax evasion, which can lead to financial penalties and/or criminal charges.

Read more

Non-resident tax summary
The acquisition of a real estate in Spain by a non-resident natural person entails periodic tax obligations which go beyond the initial payment of those taxes derived from the act of acquisition (Impuesto sobre el Valor Añadido or Value Added Tax, Impuesto sobre Transmisiones Patrimoniales or Transfer Tax, or Impuesto sobre Sucesiones y Donaciones or Inheritance and Gift Tax, as applicable) or annual payment of other taxes of local nature (Impuesto sobre Bienes Inmuebles or Property Tax, Tasa de recogida de basuras or Garbage Tax, etc.).

Read more

A double tax saving opportunity
The double tax saving opportunity in the light of the EU-wide Savings Tax Directive of July 2005.

Read more

Preparing for retirement in Spain
Are you planning to retire in Spain? If so, now is the time to review your finances to ensure you can afford your dream and that you’ll have enough capital to support you right through your retirement years.

Read more