Wealth Tax – Spence Clarke

Valencia takes a step forward: Wealth Tax reduction and aligned inheritance reforms

14/07/202502/07/2025 by Javier Osorio Soria

On June 2025, the Generalitat Valenciana published Law 5/2025, introducing a set of fiscal measures that suggest a clear shift in approach. Among the most notable is the increase in the wealth tax exemption threshold, which will rise from 500.000€ to 1.000.000€ as from 31 December 2025. This change applies to both resident taxpayers and … Read more

Spain’s new national tax on wealth

19/05/202315/05/2023 by Claudia Vargas Puccio

We explain how the new Spanish national Wealth Tax works in combination with the old regional system.

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

06/04/202319/11/2022 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…

05/04/202322/09/2022 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?

05/04/202319/09/2022 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

05/02/202424/02/2021 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)

05/04/202331/05/2020 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?

05/04/202311/04/2019 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

05/04/202317/07/2017 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

05/04/202330/10/2013 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