As the end of the tax year approaches, many taxpayers focus on holidays, deadlines and closing the year at work. However, taking a little time to review your personal tax position before 31 December can have a very real financial impact. With only a short window remaining, there are still several legitimate and effective measures … Read more
If your company owns rental properties, you may be missing out on one of the most powerful corporate tax reliefs: the special housing rental scheme, which allows you to reduce the tax payable on rental income by 40%. However, the key is to meet the requirements and exercise the option in time. For example, if … Read more
Since 2022, high net worth taxpayers in Spain have been subject to not one but two wealth taxes. While this may appear redundant at first glance, each tax has a distinct legal basis and tax purpose. As at 31 December 2024, both the Wealth Tax and the Great Fortunes Tax remain fully in force. Understanding … Read more
Imagine that you and your business partners are about to launch a new venture. You are ready to incorporate a company and begin trading. However, if there is a possibility that you might sell the company in the future and wish to maximise your returns, there is a strategic move that could make a significant … Read more
From July 2025, all landlords who rent out a property on a daily or weekly basis will have to register on a new national database. The government is further increasing regulations on holiday rentals with the creation of the Register for Short-Term Rentals.Royal Decree 1312/2024, approved in December, increases control over the property market, in … Read more
What is the Golden Visa and how could it be obtained? The Spanish Golden Visa, introduced in 2013, was a measure designed to attract foreign investment by granting legal residency to non-EU citizens who made a substantial investment in Spain. It was not just a visa, but a fast track to residency, with highly attractive … Read more
If your company rents properties, you may think that your company has a business activity. However, for this activity to be considered an economic activity and not just a rental activity, the tax authorities have a key rule: you need a full-time employee.The problem is that this requirement is not interpreted in the same way … Read more
From 1 January 2025, the tax landscape in Spain will change drastically with the amendment of article 29 of Law 27/2014, of 27 November, on Corporate Income Tax (LIS). Small and micro companies are in luck! A progressive tax reduction will be implemented that will reduce their tax liability, allowing them to compete more strongly … Read more
If you have recently bought, inherited, or been gifted a property, you might be in for an unpleasant surprise when calculating your taxes. The tax office doesn’t just consider the price you paid (or the value stated in the deed)—they rely on a reference value set by the government. The problem? This reference value is … Read more
A recent resolution issued by the Central Economic-Administrative Court (TEAC) introduces additional complexity to the tax treatment of business mergers, restructurings, and reorganisations. In this new resolution, the court argues that it constitutes a form of tax evasion when a shareholder transfers shares to a holding company with the intention of selling them in the … Read more
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