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Taxes in Spain
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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Among the taxes on non-residents, one of the most common is the Inheritance and Gift Tax. When there are inheritances with non-residents, it is important to know all the details of the Inheritance Tax in Spain for foreigners. Who has the obligation to present it? heirs, legatees or beneficiaries of life insurance who are not...
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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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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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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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