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It may happen that it is necessary to claim the inheritance of a non-resident in Spain so that the assets that the deceased had become the property of the heirs. We are going to analyze all aspects related to international heritage in countries of the European Union. How to process the inheritance of a foreigner...
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The taxes that are paid in Spain as a foreigner are many and varied and it is important to know them and know when and how they are applied. Is it mandatory to pay taxes in Spain as a foreigner? Yes. Both tax residents and non-residents must pay taxes in Spanish territory. If you are...
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Bank reconciliation is a process that may be familiar to many but raises many questions, such as what type of reconciliation to do or what is the importance of doing it correctly. What is bank reconciliation The main objective of bank reconciliation is to have all bank movements under control, comparing them with the income...
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If you have decided that it is time to buy your new home, this step-by-step to buy a home will help you do it safely so that you can make the transaction correctly. Before you start your housing search Before looking for a home, it is important to be clear about some essential aspects such...
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When the state regulations on Inheritance Tax are applied, allowances and reductions must be taken into account when certain requirements are met. Who does the Inheritance Tax apply to? The Inheritance Tax is applicable to non-resident individuals in Spain who receive an inheritance or a donation, who must self-assess this Tax at the Tax Agency....
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Taxes on real estate in Spain can be a significant burden whether you have it for your own use or for rent. The taxation of the properties of non-residents in Spain falls mainly on the Non-Resident Income Tax and the Real Estate Tax. Taxation of real estate in the Non-Resident Income Tax The income obtained...
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The Spanish Government’s Recovery, Transformation and Resilience Plan includes the new Law for the Creation and Growth of Companies, known as Crea y Crece, aimed at promoting dynamism in the productive fabric and responding to the demands and recommendations of different international organizations. The Crea y Crece Law, published in the BOE on September 29,...
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In our country the average time for the sale of a property exceeds 6 months. However, if you want to sell a home quickly, you have to take into account some factors that can make it disappear from the market in just one week. But if you value your home correctly and define an appropriate...
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When goods or income are received through an inheritance, they are obliged to pay taxes. This situation also applies to non-residents in certain cases. When is the inheritance of a non-resident taxed in Spain? The situations in which a person who does not reside in Spanish territory but pays taxes in Spain for the inheritance...
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It may happen that, although a natural or legal person does not have a domicile in Spain, they have an activity that requires a permanent establishment to carry it out. In these cases, taxes are applied to non-residents with a permanent establishment, which have similarities with respect to the application of taxes to companies domiciled...
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