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An individual is resident in Spanish territory when any one of the following circumstances apply: They have stayed longer than 183 days in Spanish territory over the calendar year. In order to determine the permanence in Spanish territory, occasional absences are included, except if the taxpayer accredits their residency in another country. In the case of countries or territories labelled as tax havens, the Tax...Read more

The United Kingdom and the European Union (EU) signed an interim free trade agreement last Thursday which will govern economic relations between the two countries from 1 January. The agreement covers not only trade in goods and services but also a wide range of other areas of interest to the EU such as competition, fisheries, road and air transport and energy and sustainability. However, many...Read more

When a person or company is interested in acquiring a property in Spanish land, it is important to ask for advice to a real estate consulting firm, because they will offer you the best guidance throughout the whole buying process and help you understand the marginal notes in the register of a property.  The nota simple extract. How are taxes collected in Spain during a property...Read more

In the case of property selling, the longer the ownership lasts, the more taxes must be paid by the assets increase (in addition to the capital gains tax). Until 1996, the reducing coefficients that exempted from payment all purchases whose ownership was older than 10 years were applicable. Then a compensation of the inflation rate was applied, with which taxes were paid in all sales,...Read more

Being a fiscal resident in a country does not automatically mean being a non-resident before the tax authority in another country. When the income of a resident comes mostly from another country, it is possible that this person be also a fiscal resident in the other country. This is regulated in the respective laws on Income Tax of each country and not, as it would...Read more