Income tax – rental income
Some peculiarities of Spanish tax treatment regarding rental income.
Is it possible to claim back the wealth tax paid for 2021 and 2022?
Pedro Sánchez, in the General State Budget Law for 2021, as part of his crusade against those whom he considered to be “rich”, introduced significant modifications to the wealth tax legislation. The most significant amendments were the increase in the maximum marginal rate of wealth tax from 2.5% to 3.5% and the aim to convert … Read more
New measures to speed up the set up of companies and electronic signature of notary deeds.
I will never forget when, many years ago, Alistair Spence Clarke showed me how to set up a UK limited company when sitting at the boardroom of our Marbella office, using a laptop and a credit card and… bang! A UK company was set up after 30 minutes work and it was up and running … Read more
End of year accounts review and tax planning for smaller businesses
Guidance for small business owners to help understand their accounts and avoid expensive mistakes and a few tax planning tips.
Implications of becoming a tax resident in Spain and deciding what region to move to
With the amazing weather and laid-back lifestyle, it is not a surprise that many foreigners consider Spain as the perfect destination for them and their families to move to. If you are one of those, you would probably like to know what tax filing obligations Spanish tax residents have and if there are any other … Read more
Guide to the Most Common Spanish Tax Declarations
A brief foreword It will come as no surprise that Spain’s famously bureaucratic system has a truly rich array of tax forms that have to be filed by businesses and individuals. In this article we list and explain in brief terms the 20 odd most common tax forms that can apply to small scale businesses, … Read more
Electric vehicles : New tax incentives in Spain, but are these enough……..?
On June 27, 2023, Spain introduced a 15% deuction on the purchase of electric vehicles and their related charging equipment. This financial incentive is subject to a maximum limit of 20,000€ (3,000€ deduction) for the vehicles and 4.000 euros for the charging equipment (600€ deduction). Therefore, if the car costs 30.000€ and the charging equipment … Read more
Beware of Spanish Tax Office Phishing Scams
Phishing scams posing as the Spanish Tax Office have become a common cyber threat. Fraudsters send deceptive emails, specially during this period of the year where many tax payers are waiting to receive their refunds from the tax office, tricking victims into revealing sensitive information, as important as bank account details. Recognizing these scams is … Read more
So, you thought the Spanish tax office was hard to deal with…
A personal account of dealing with the UK tax office compared to Spain.
