5 Questions on the effects of Brexit when buying, owning and selling property in Spain

Will I still have rights to buy and own a property in Spain? Of course yes, your acquisition rights will remain intact. Ownership rights as regulated in our Civil Code are the same regardless of nationality. Will I still have rights to rent it out? Again, of course, rental rights are … [Read more...]

Taxation on Rental Incomes of EU Nationals non Residents in Spain

Non-residents who prove their tax residence in another EU or EEA State and who rent real estate in Spain can pay the Income Tax (19% since 2016) on net income, and not on gross rent. These people can deduct all the expenses derived from the property (in proportion to the period that the property … [Read more...]

Basic information on personal taxes when retiring to Spain

TAXATION OF UNITED STATES PENSIONS IN SPAIN OBLIGATION OF INFORMATION ABOUT GOODS ABROAD   TAXATION OF UNITED STATES PENSIONS IN SPAIN If a natural person turns out to be a FISCAL RESIDENT in Spain, he / she will be a taxpayer for the Personal Income Tax (IRPF) and must be taxed in … [Read more...]

Claims on tax value of properties in Spain

Tax Value of Properties in Spain The Tax Value of a property is the value that the autonomous communities allocate to the real estate. Taxes are calculated on it at the moment a transmission is made. These values can be consulted in the different websites of each region, in some cases there is … [Read more...]

Reclaim overpaid Capital Gains Tax on Sale of Property (Plusvalía)

Spain’s Constitutional Court (CT) has annulled and forced the reform of the municipal tax on capital gains when selling a property.  This tax is commonly known in Spain as Plusvalía municipal, which in theory taxes the revaluation of real estate when it is sold even if the property is sold at a … [Read more...]

Transfer tax in Spain and how to defend yourself against local tax authority claims

WHAT IS THE TRANSFER TAX? The tax to be paid by you as a property buyer in Spain is called the Transfer Tax. The rate varies from region to region. The taxable amount on which this rate is applied is known as the Tax Value of the … [Read more...]

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