Wealth tax is a political football and central Government is determined to keep it in play, regardless of how little money it raises, such is the state of Spanish politics
The differences between the way that gift tax works in the different regions of Spainis becoming ever more absurd each year
The Spanish tax office is making extensive use of Big Data to track down tax avoiders, ad is having considerable success.
Can this really be true?Well, unbelievably, perhaps. One of the promises made by the right wing parties during the December 2018 elections in Andalucía was to reduce taxes. We all know that politicians like to promise to reduce taxes and increase public spending at the same time but one of the few things that the … Read more
As part of the recent agreements of exchange of tax information subscribed by Gibraltar for cooperation in tax matters, the Gibraltar financial institutions will be reporting to the Spanish tax office the relevant tax information of all their account holders, including income on earnings, tax withheld and tax residency status. The first reporting will take … Read more
A new law was passed on 3/2/2016 to force landlords in Andalucia to register properties used for holiday letting. The fines for ignoring this law are truly draconian with a minimum of 18,000€ and maximum of 150,000€. An estimated 400,000 properties in Andalucia will be affected. This law has been several years in coming and … Read more
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
The latest fashion for the wealthy in Spain is to find another country to pay income tax. I was enjoying a pleasant lunch overlooking the paseo marítimo in Marbella in the company of Max, a client of many years. We were reflecting on how wonderful life is in Spain and remembering the dismal weather and … Read more
There is much in the news today about various firms of auditors being appointed to analyse the real bad debt situation that has caused the banking crisis. As a small scale Spanish auditor myself, I can’t help think that something has gone seriously wrong in the audit profession in Spain and it amazes me that … Read more
Alistair Spence Clarke28/11/2011 An article in a blog I was reading this weekend caught my eye and I decided to do some digging. After a few minutes, what I have long suspected about the bank’s holdings of defaulting loan assets became crystal clear. The last property crash in Spain happened in the early 1990s, at … Read more
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