A few weeks ago the Spanish Government introduced another important tax incentive for property purchasers in a bid to kick start the moribund property market and help the banks get rid of their stock of repossessed properties. It is worth comparing Spain’s property tax incentives to the massive French tax increases on foreign property owners. … Read more
Spanish taxpayers have been given their last chance to clean up their tax affairs. New measures, just introduced by Rajoy’s Government, provide taxpayers with an amnesty for tax fraud. They can now declare previously hidden income and assets by paying a flat 10% one off tax charge. The deadline for the amnesty is 30 November … Read more
This year we are holding our annual charity golf day on June 29th at the San Roque Club golf course. In the last three years we have raised 25,000 € for the Motor Neurone Disease Association and this year we want to break the 10,000 € barrier! Help us raise money for the charity and … Read more
There is much in the news today about various firms of auditors being appointed to analyse the real bad debt situation that has caused the banking crisis. As a small scale Spanish auditor myself, I can’t help think that something has gone seriously wrong in the audit profession in Spain and it amazes me that … Read more
Expats take note! There are times to give thanks to the much maligned Spanish adminsitrative system. The legendary labyrinthine, under resourced and inefficient administrative system of Spain sometimes works to the benefit of the many expats in Spain. Non resident property owners are meant to pay annual income tax. “But I don’t rent out my … Read more
Alistair Spence Clarke28/11/2011 An article in a blog I was reading this weekend caught my eye and I decided to do some digging. After a few minutes, what I have long suspected about the bank’s holdings of defaulting loan assets became crystal clear. The last property crash in Spain happened in the early 1990s, at … Read more
Election day on Sunday 20th November should produce a dramatic change in Government for Spain. But what will this mean? On Sunday, the Partido Popular, the centre right political party is expected to romp home with an overall majority of the 350 member Congress of Deputies, Spain’s lower legislative house. The newspapers predict that the … Read more
What makes a resident of Spain a tax resident of Spain? It is an important question and misinformation arises everywhere, not least in the press, over a beer in the golf club, just about anywhere, in fact. I came across this gem of an article in one of the local newspapers. This reminded me of … Read more
The European Commission made official complaints against Spain in May 2010 and February 2011 regarding its Inheritance tax legislation. These complaints were ignored and so the EC has commenced an action against the Spanish state through the European courts. Spain’s tax system has become decidedly odd. A little background will help to understand what has … Read more
Over the last few year or so we have heard that various governments have licitly and not so licitly managed to get hold of lists of people with bank accounts in funny places. What has become apparent is that these lists are being shared with the tax authorities of any interested country. Well Spain has … Read more
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