In recent years, there has been significant debate regarding the tax treatment of late payment interest in the context of taxation. Below, we explain how these interests are calculated and how they are taxed under the Spanish Personal Income Tax (IRPF). What are late payment interests? Late payment interests are intended to compensate the tax … Read more
Discover accounting as you have never seen it before. Paperwork, delays, and guesswork are a thing of the past. With Spence Clarke’s Accounting in Real Time, everything happens live , your sales, expenses, and tax, all in one place, wherever you are. Whether you prefer to take control yourself or let the experts handle it … Read more
If you are separating from your spouse and will be required to pay compensatory maintenance, it is generally more advantageous to do so in the form of periodic payments rather than a single lump sum. Below, we explain the tax implications under Spanish law and why a phased payment approach may prove more beneficial. Compensatory … Read more
Have you and your sibling inherited a house of significant value and taken joint ownership? Are you now interested in becoming the sole owner but lack the funds to compensate your sibling? You may not be aware that there is an alternative: you can use another property as compensation. Joint Ownership: A Common Scenario Following … Read more
When it comes to property sales and tax declarations, understanding time limits and exemption rules is essential. Particularly relevant is the reinvestment exemption for the sale of a main residence. Here, we explain how the tax prescription period may be extended when this exemption is applied. Four-Year Review Period In general, when a taxpayer files … Read more
This summer, our partners Sue, Alistair, and Claudia were joined by the Spence Clarke management team for a memorable sailing trip from Puerto Banús, Marbella. It was a day full of laughter, adventure, and just the right amount of challenge from the open sea. The water was a little wavy, which meant that poor Sue … Read more
Imagine this: tax inspectors arrive at your business unexpectedly, armed with a court order. You may be tempted to push back, but legally, you cannot deny them entry. However, that does not mean you must comply with everything they ask, especially when it comes to questioning your employees. When can tax inspectors enter your business? … Read more
This year’s Spence Clarke summer party was nothing short of spectacular. On a hot and sunny day, most of us gathered early at the beach near Beso Beach, ready for a day of relaxation, fun, and celebration. Armed with beers, tintos de verano, refreshments, plenty of ice, sun cream, towels, and parasols, we were set … Read more
We are pleased to share the success of a recent charity golf event “The GolfInfo.com Masters 2025”, organised by Simon Ness of Golfinfo in partnership with Gemma and Paul from Collective Calling. The event was held on 18 June at the beautiful Marbella Club Golf Resort, in collaboration with Spence Clarke, and brought together members … Read more
On Saturday, 8th June, all four partners of Spence Clarke – Susan Spence Clarke, Alistair Spence Clarke, Claudia Vargas Puccio, and Miguel Ángel – had the pleasure of attending the Hearts in Bloom Summer Garden Gala, a beautiful and heartfelt event organised by the charity Collective Calling. Held in the serene and picturesque grounds of … Read more
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