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
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
In the context of intra-Community trade in goods, Intrastat is a compulsory statistical system afffecting thousands of businesses in Spain and across the European Union. While it is not a tax requirement, compliance is mandatory and failure to submit or serious errors are subject to significant penalties. Any business involved in buying or selling goods … 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
The Spanish Tax Office (Agencia Estatal de Administración Tributaria – AEAT), commonly referred to as Hacienda, is responsible for managing the national tax system in Spain. One of its main roles is to ensure that taxpayers comply with their tax obligations. When this does not happen—whether due to omissions, improper payments, or delays—the AEAT can … 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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