Pedro Sánchez, in the General State Budget Law for 2021, as part of his crusade against those whom he considered to be “rich”, introduced significant modifications to the wealth tax legislation. The most significant amendments were the increase in the maximum marginal rate of wealth tax from 2.5% to 3.5% and the aim to convert … Read more
We were glad to sponsor and take part, last month, at the lovely gala that took place in Puente Romano, to support the “Agarrate a la vida” charity. The event was organised by Talk Radio Europe and the Marbella Rotary Club. The charity organisation helps people with mental health problems, especially to prevent suicide of … Read more
There has been no rain this autumn, except when Spence Clarke decided to have their day out in the sun, this is when the rain decided to appear!!! Despite the rain, the day was spectacular. The journey to Málaga It all started in Marbella. A minibus was supposed to pick us up at 9:30 in … Read more
With the amazing weather and laid-back lifestyle, it is not a surprise that many foreigners consider Spain as the perfect destination for them and their families to move to. If you are one of those, you would probably like to know what tax filing obligations Spanish tax residents have and if there are any other … Read more
On June 27, 2023, Spain introduced a 15% deuction on the purchase of electric vehicles and their related charging equipment. This financial incentive is subject to a maximum limit of 20,000€ (3,000€ deduction) for the vehicles and 4.000 euros for the charging equipment (600€ deduction). Therefore, if the car costs 30.000€ and the charging equipment … Read more
We explain how the new Spanish national Wealth Tax works in combination with the old regional system.
In this article we analyse the 60.100€ exemption for pilots and aircrew, a group of workers who can often claim the exemption.
At long last we have clarity on the tax treatment of UN pensions paid to individuals residing in Spain
The weird and wonderful world of the M720 explained with FAQs
The Spanish Government has approved the Budget for 2014. No surprises, the tax system will remain as it has been for 2012 and 2013. Far sighted policies that will generate growth and employment seem as remote as ever. Many argue that “Spain is different”. They mostly refer to the country’s wealth in traditions and culture, … Read more
Copyright © 1985 - 2026 Spence Clarke & Co.
