Taxation in Spain: regional and central government policies In Spain, the management of taxes is divided between the central government and the autonomous regions. Taxes such as income tax and corporation tax are controlled by the central government, whereas others, including wealth tax, inheritance tax, and gift tax, fall under the jurisdiction of the autonomous … Read more
If you have decided to leave Spain and sell your property, it is important to consider the best time to do so. Be aware that even after relocating to another country and becoming a resident there, you will still be liable for Capital Gains Tax (CGT) in Spain on the sale of your home. Additionally, … Read more
This February, the Spence Clarke team attended the spectacular “Glamour Amour” fashion show, held at the stunning Oak Restaurant in Marbella. With heart-shaped balloons, decorative straws, and napkins adorned with hearts, the venue embraced the spirit of Valentine’s Day, setting the scene for a truly special evening. The event, organised by the charity Collective Calling, … Read more
In Spain, the issue of property occupation has sparked intense debates regarding the rights and obligations of property owners. One of the most contentious aspects is whether property owners should continue paying taxes associated with properties that have been unlawfully occupied. Currently, Spanish law does not consider unlawful occupation as grounds for exemption from property-related … Read more
If you or your business are located in one of the areas affected by the devastating Dana storms at the end of October 2024, several fiscal measures have been approved to help mitigate the damage and support recovery efforts. These measures include tax reductions and deadline extensions to ease financial burdens during this difficult time. … Read more
The festive spirit came alive at the stunning Villa Padierna, a luxurious hotel located in Benahavís, as Alicia, Miguel Angel, Claudia—partners at Spence Clarke—and Galina, the manager of the administrative department, attended the annual Christmas gala organised by Collective Calling. Collective Calling, a remarkable charity, is dedicated to transforming lives both in Tanzania and along … Read more
Since 2019, Spanish labour law has required all companies with employees to keep a detailed record of working hours. These records must be stored for a minimum of four years and made available for labour inspections. Until now, businesses have had the flexibility to maintain these records either on paper or via digital systems. The … Read more
Has your bank account been frozen due to unpaid local taxes? If you own property in Spain, you are required to pay several yearly taxes to the town hall where your property is located. The most important of these are the IBI (Impuesto sobre Bienes Inmuebles) and the rubbish collection tax. The town hall assumes … Read more
If Spain fails to incorporate into its tax regulations the EU directive 2020/285, approved by the Council of Europe on 18/02/2020, it will be subject to fines from the EU Commission. Perhaps other sanctions will apply and maybe Spain will be prevented from receiving EU funds until they comply. That would be very painful and … Read more
This October, Spence Clarke partners Alicia, Miguel Ángel, and Claudia attended the dazzling “Shine Like a Diamond” fashion show, held at the beautiful Occo restaurant in Marbella. The event, organized by the charity Collective Calling, brought together an eclectic mix of people for a memorable evening, all in support of a noble cause. Collective Calling’s … Read more
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