Credit seizure orders are one of the most common and effective mechanisms used by the Spanish Tax Office (AEAT) to secure the collection of tax debts. Through this procedure, the Administration orders a third party—usually a client of the debtor, but it could also be a tenant, a contracting company, or anyone who owes money … Read more
We arrived early at La Cañada to take our team photograph beside the Christmas tree, wearing festive hats and jumpers to set the tone for a truly special day. From there, we headed to the bowling alley. While waiting for a few colleagues who arrived slightly later, we enjoyed a friendly warm-up with table football, … Read more
Spence Clarke, a proud member of the British Chambers of Commerce (BCC) in Spain, recently attended a seminar hosted by Hugo Investing. The presentation was delivered by Kaspar Huijsman, a CEO of Saxo Bank Spain and founder of Hugo Investing. The seminar provided valuable insights into how to protect and grow personal investments, offering practical … Read more
Last month, Spence Clarke was proud to sponsor the inspiring “Women Masters of Art” lecture organised by The Arts Society de la Frontera, held at the beautiful San Roque Club. Our team, María, Naroa and I, enjoyed a lively and engaging morning speaking with attendees interested in our work and the ways we support clients. … Read more
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
The process of selling a property in Spain involves more than simply finding a buyer. It entails a series of tax obligations, the most significant of which is the capital gains tax.The realisation of capital gains in Spain carries with it the obligation to file the corresponding tax declaration depending on the type of taxpayer, … 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
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