Wealth Tax – Spence Clarke & Co.

Spain’s new Wealth Tax – El impuesto sobre Grandes Fortunas

22/11/202219/11/2022 by Alistair Spence Clarke

This highly politically motivated duplicate tax has already resulted in legal actions against the Government and general chaos for those concerned about tax planning for the wealthy in Spain.

Wealth Tax – Update – Just when you thought Spain was moving in the right direction…

02/10/202222/09/2022 by Alistair Spence Clarke

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

Wealth tax HAS FINALLY GONE in Andalucia – is Andalucia now a tax haven?

19/09/202219/09/2022 by Alistair Spence Clarke

At last, Wealth Tax has gone from Andalucia and we will soon be welcoming many thousands of new residents.

M720 FAQs

25/02/202124/02/2021 by Claudia Vargas Puccio

The weird and wonderful world of the M720 explained with FAQs

Spanish tax residence rules and the problems caused by the Covid-19 travel ban (updated 31/05/2020)

31/05/202031/05/2020 by Alistair Spence Clarke

Forced presence in Spain due to Covid-19 and impact on tax residence rules

Could Andalucia become a low tax region?

22/03/202111/04/2019 by Alistair Spence Clarke

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

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

29/03/202017/07/2017 by Miguel Ángel Blanca Prieto

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

Spanish Tax Treaties Changes – a taxing trend for foreigners

29/03/202030/10/2013 by Claudia Vargas Puccio

Spain is very active in signing new tax treaties and updating some old treaties, unfortunately not necessarily for the benefit of the individuals investing in Spain. Double Tax Treaties are bi lateral, supranational laws that regulate the way that foreigners are taxed on assets and income of the other country. Generally speaking where both countries … Read more

Yet more anti tax fraud measures for Spain – the M720

29/03/202031/01/2013 by Miguel Ángel Blanca Prieto

Here are details of the Stick that followed the tax amnesty Carrot. If there was ever a piece of tax law that needed thought, this is it! 2012 proved to be one of the most exhausting years in terms of the amount of new law. New tax regulations were certainly one of the main focuses … Read more

A last chance to declare – tax amnesty and an end to tax fraud in Spain?

29/03/202009/07/2012 by Alistair Spence Clarke

Spanish taxpayers have been given their last chance to clean up their tax affairs. New measures, just introduced by Rajoy’s Government, provide taxpayers with an amnesty for tax fraud. They can now declare previously hidden income and assets by paying a flat 10% one off tax charge. The deadline for the amnesty is 30 November … Read more