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Taxes in Spain
Although receiving an inheritance can be a very positive thing, in other cases it is not so positive. In these cases it might be a better idea to reject it, but… is this possible? Is it possible to reject an inheritance? Yes, it is possible to reject an inheritance. It can be done by one...
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If you are thinking of spending a season in Spain or starting some type of business, you should know that it is important to know when you are considered a resident in Spain for taxes. This aspect is essential because it differentiates the taxation that is applied in case of being or not a resident...
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When you have doubts between selling or renting, you have to take into account profitability and also other aspects related to both operations. How do you know if it is better to sell or rent? If you own a property and are thinking about obtaining the highest possible profitability from it, you may hesitate between...
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A model closely related to the issue of inheritances, successions or the collection of amounts for life insurance contracts is model 650. Both residents and non-residents will have to present it, as long as they meet the requirements and within the established deadlines. What is model 650 Form 650 is the individual self-assessment of Inheritance...
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Reducing the payment of taxes in Spain is something that all those obliged to pay taxes want. Therefore, in this article we are going to see some very interesting options. Main taxes paid in Spain Taxes are mainly paid: Personal Income Tax (IRPF). It is the most important and taxes the income that people earn.Non-Resident...
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Knowing the best areas to buy a home will give you the necessary information to buy a home as a habitual residence or to invest in housing. Buying a home as a habitual residence In Spain, most of the population chooses to buy their habitual residence instead of renting it. This process entails a significant...
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As in any legal matter, non-resident taxes are continually updated and modified to adapt to market needs and try to alleviate possible errors and gaps where tax offenses can be carried out. Since the end of 2022, important changes have been approved in the tax regulations for non-residents, which can change the tax dynamics of...
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There are certain expenses to face when accepting an inheritance in Spain. Therefore, before accepting it, it is important to know the procedure and the costs involved. Acceptance of inheritance Acceptance of an inheritance is the act by which the beneficiary or beneficiaries of the deceased’s estate demonstrate their willingness to accept it . For...
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Non-resident taxes include Capital Gains Tax. This tax is of great importance, especially in relation to the purchase and sale of real estate in Spanish territory. What is capital gains tax The capital gains tax is a tax that must be paid when profits are obtained from the sale of an asset, such as a...
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Law 28/2022, of December 21, for the promotion of the ecosystem of emerging companies brings important novelties and that is that this new Law on Startups has important administrative novelties and tax incentives for newly created innovative companies. What is a startup A startup is a newly created company or one that is less than...
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