A guide to taxes for expat residents and property owners in Spain, plus some advice on expat pensioners in Spain.
In association with Blevins Franks International
- Property taxes for non-residentsThe following tables explain the taxes that non-residents are obliged to pay to the Spanish tax authorities as a consequence of owning property in Spain.
- Spanish Capital Gains Tax Rates on PropertyWhen you sell a property in Spain you have to pay capital gains tax on any profit after taking into account all deductions and allowances.
- Spanish income tax for expatriatesThe key things expatriates need to know about becoming a tax payers in Spain
- Spanish succession taxIt is important for anyone who owns property in Spain, or other Spanish assets, to familiarise themselves with Spanish succession tax on inheritances. It is different from UK inheritance tax and has a real top rate of nearly 82%! It is payable if the beneficiary resides in Spain or the asset being passed on is in Spain.
- Spanish Wealth Tax (Patrimonio)The Spanish wealth tax, known as patrimonio, might catch you buy surprise.
- The Plusvalia Property Tax in SpainHere we explain the Plusvalía Municipal tax, a type of local or municipal capital gains tax on property in Spain.
- Three percent Capital Gains Tax Retention on property sales by non-residentsExplanation of the Spanish capital gains tax retention, or three percent withholding tax, on property sales by non-residents
- Transfer tax on resale homes – Impuesto de Transmisiones Patrimoniales (ITP)Home buyers in Spain have to pay a transfer tax, known as ITP (Impuesto de Transmisiones Patrimoniales) when they buy a resale property. The rate varies from region to region
- A brief guide to taxes in Spain (2007)A brief guide to taxes in Spain for residents and non-resident property owners alike (2007)
- How you become a tax resident in SpainIf you move to Spain permanently for six months or more you will almost certainly become tax resident and be obliged to pay income, capital gains, and wealth taxes on your worldwide assets and be subject to Spanish inheritance and gifts tax rules
- Are you resident in Spain for tax purposes?It can be surprisingly difficult to establish one’s tax residence in certain circumstances. The onus is on the taxpayer to get it right in order to avoid the charge of tax evasion, which can lead to financial penalties and/or criminal charges.
- Non-resident tax summaryThe acquisition of a real estate in Spain by a non-resident natural person entails periodic tax obligations which go beyond the initial payment of those taxes derived from the act of acquisition (Impuesto sobre el Valor Añadido or Value Added Tax, Impuesto sobre Transmisiones Patrimoniales or Transfer Tax, or Impuesto sobre Sucesiones y Donaciones or Inheritance and Gift Tax, as applicable) or annual payment of other taxes of local nature (Impuesto sobre Bienes Inmuebles or Property Tax, Tasa de recogida de basuras or Garbage Tax, etc.).
- A double tax saving opportunityEver since taxes were first imposed, people have been finding ways of avoiding them. In today’s world, though, tax planning has become highly complex, with the Spanish, UK and international tax agencies declaring war on tax evasion and teaming up to track down evaders.
- How UK pensions are taxed in SpainRetirees who are planning to move to Spain on a permanent basis need to know how their pensions will be taxed once they are resident there. It is usually your regular retirement income which provides the basis of day to day living expenses and tax needs to be factored into your calculations when working out how much you will have to spend.
- Preparing for retirement in SpainAre you planning to retire in Spain? If so, now is the time to review your finances to ensure you can afford your dream and that you’ll have enough capital to support you right through your retirement years.
The Blevins Franks Tax Advisory Service (“TAS”) was originally established in 1983 when Blevins Franks opened its overseas offices in Spain, France and Portugal to offer specialised tax planning, relevant to both the UK and our overseas offices. The service is designed for foreign property owners and for those deciding to live abroad, both prior to and following departure.