When Spanish residents make gifts to family members abroad, one of the most common assumptions is that Spanish Gift Tax (“ISD”) automatically applies. However, the reality is more complex. In certain circumstances, a gift made to a non-resident may fall outside the scope of ISD entirely. In these cases, one of the most important factors … Read more
Spain has taken a significant step towards removing Gibraltar from its list of non-cooperative tax jurisdictions, historically referred to as the Spanish “tax haven” list. The Spanish Ministry of Finance has published a draft ministerial order proposing Gibraltar’s removal from the list established by Order HFP/115/2023. The draft also removes several other jurisdictions while adding … Read more
Temporary and lifetime annuities are common financial products in Spain, typically structured through life insurance contracts or capitalisation schemes. The Spanish Tax Office (AEAT) provides a detailed set of rules that determine how much of each payment is taxable and how these annuities must be included in the Personal Income Tax return (IRPF). What is … Read more
Under Spain’s new system of contributions based on real income, many self-employed workers are now receiving notifications from the Social Security authorities confirming a regularisation of their contributions. In some cases, this means an additional payment must be made. In others, a refund may be issued. While most attention is usually placed on the cash … Read more
When a person dies owning Spanish assets, their heirs inherit not only assets and rights but also certain liabilities, including outstanding tax debts. This can become particularly complex when the deceased operated as a sole trader, because tax assessments may arise after death. Understanding how liability is transferred and what can be limited is essential … Read more
Recent discussions in the Netherlands about changes to the taxation of private investments have raised concerns among long-term savers. While no final legislation has yet been enacted, the direction of the proposed reform is clear enough to merit attention. One country that often enters that conversation is Spain, not merely for lifestyle reasons, but for … Read more
Spain enters 2026 without any major structural tax reform, but with a series of practical adjustments affecting employees, freelancers, landlords and companies. While some measures have attracted headlines, others have gone largely unnoticed despite having real consequences. The main challenge for taxpayers is distinguishing between confirmed legal changes and political announcements that have not yet … Read more
Renting out part of a property has become increasingly common in recent years. Many homeowners choose to let individual rooms, or even their entire property divided into separate rooms, as a way to share housing costs or make better use of their assets. What is less widely known is that, under certain conditions, these arrangements … Read more
After 3 years of extensive planning for one of the most dramatic changes in business accounting and taxation in Spain’s history, after numerous delays, we were all set for the Verifactu rules to take effect on 1 January 2026, just 14 working days away! In an astonishing turn, on the 2 December 2025 the Spanish … Read more
As the second instalment of the 2025 Spanish income tax return approaches, it is worth revisiting how the Tax Office deals with late or missed payments. Many taxpayers chose to split their payment into two parts, with 60 per cent due in June and the remaining 40 per cent in early November. The rules seem … Read more
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