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
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
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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The Income Tax and Wealth Tax Declaration campaign is now underway. All tax residents of Spain are reminded that Income and Wealth Tax Declarations must be filed no later than 30 June.
In addition, Great Fortunes Tax Declarations must be submitted by 31 July.
Please contact us if you would like assistance, as we can prepare and file the declarations on your behalf.
