With Donald Trump securing re-election in November 2024, many Americans are reassessing their future, including where they want to live and pay taxes. While political shifts often prompt individuals to consider relocating, Spain has long been an attractive destination for expatriates, thanks to its sunny climate, rich cultural heritage, and relatively low cost of living. … Read more
As Spain ushers in the new tax year, taxpayers are greeted with some notable updates. While there aren’t many sweeping changes, a few key adjustments could significantly impact high-income earners, property owners, and those with investment interests. Here’s an overview of the most relevant tax developments for 2025. Higher Tax Rates on Large Incomes and … Read more
Prime Minister Pedro Sánchez announced yesterday in a press conference that his government aims to increase the “tax burden” on non-European residents purchasing property in Spain to 100% of the property’s value. While this measure ostensibly seeks to curb speculative investments and alleviate housing shortages for locals, it raises more questions than it answers. There … Read more
With an increasing number of foreign nationals moving to Spain, it is becoming more common to inherit or receive gifts of assets located abroad. If this applies to you, it is essential to understand where these transactions are taxed to ensure compliance with your tax obligations. Who pays tax and to whom? Unlike in other … Read more
Starting 1st January 2025, the VAT rate on electricity bills in Spain has returned to the standard 21%, bringing an end to the temporary reductions implemented during the recent energy crisis. These tax breaks, which lowered the VAT rate to as little as 5% during peak periods of rising energy costs, were introduced to ease … Read more
Spain’s tax inspectors accused of being unreasonable and abusive towards Beckham Law beneficiaries in an advertisement published in the Financial Times of the UK. An action group is being organised.
Some peculiarities of Spanish tax treatment regarding rental income.
A brief article on UK families moving to Spain for the private eductation of their children, now that the Labour Government is attacking private education
Many move to Spain and want to continue receiving income from a company that they used for business in their coutry of origin. This
article discuss the key issues involved.
Guidance for small business owners to help understand their accounts and avoid expensive mistakes and a few tax planning tips.
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