Andalucia is becoming a low tax region

Can this really be true?Well, unbelievably, it is. 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 … Read more

The New Obligation of Gibraltar Financial Institutions to Provide Automatic Exchange of Tax Information to The Spanish Tax Office

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

New law in Andalucía to regulate holiday letting

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

When will they learn?

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