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Cash transactions may not exceed 1,000 euros. On 11 July last year, new regulations came into force that set new limits for cash payments. Self-employed persons and SMEs are among the main parties affected. The Official Gazette published the regulation that can sanction those who continue to receive amounts of more than 1,000 euros for...
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On 10 July, the Spanish Official State Gazette published Law 11/2021 on measures to prevent and combat tax fraud, in compliance with European directives. As we saw in our previous article, this regulation contemplates tax changes that especially affect estate taxes for 2022, but it may also significantly affect heirs who are beneficiaries of inheritances...
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On 10 July, the Spanish Official State Gazette published Law 11/2021 on measures to prevent and combat tax fraud, in compliance with European directives. This regulation contemplates tax changes that particularly affect wealth taxes in the period up to 2022. Like almost all tax laws, its purpose is to increase tax revenue, but to achieve...
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Homeowners must give their tenants four months’ notice, not 30 days’ notice, that the tenancy will not be renewed. If homeowners fail to do so, they run the risk of the tenant being able to renew the lease for up to three years. Homeowners must give the tenant four months’ notice, rather than the current...
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EU Regulation 650/2012 of 4 July 2012, which regulates inheritance on death, is now applicable in most countries of the European Union.    If you want to know more about this regulation, feel free to contact one of our legal advisor in Denia and Valencia.  This is a major step forward for European citizens, as...
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Real Estate Tax and vacant housing Future changes
Negotiations continue on the future housing law, which does not yet have a clear and definitive design. The parties in charge of the government are assessing the issue of empty homes and the levy to promote their release to the market, but they are far from being in full agreement on the limitation of rents....
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Información y novedades sobre el impuesto de sucesiones y donaciones para ciudadanos no residentes
It is becoming increasingly common for donations and inheritances on which tax is payable in Spain to involve a person who is not a resident of our country.  Our professionals can help you with the taxes in Spain for foreigners so that it is handled correctly in all cases.  In other words, when a parent...
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When it comes to buying and selling a property, it is important that all agreements are in writing.  Our legal advisors can provide you with legal advice to ensure that everything is correctly written down and ready to sign when buying or selling a property. Because given its importance, this should not be an improvised act...
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Información sobre el Brexit a partir del 1 de enero 2021
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,...
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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...
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