Please note the information provided in this article is of general interest only and is not to be construed or intended as substitute for professional legal advice. Laws and tax rates change over time, so this information may be out of date. Please consult a tax specialist or the tax authorities for the latest information. There are no guarantees that this information is correct and up-to-date, so you use this information at your own risk.
Articles on Spanish taxes for expat residents and property owners in Spain, plus some advice for expat pensioners living in Spain.
Some of these articles are by Blevins Franks International and published here with their permission.
- 3% Capital Gains Tax retention on property sales by non-residents Explanation of the Spanish capital gains tax retention, or three percent withholding tax, on property sales by non-residents
- Inheritance Tax in Spain Spanish Inheritance Tax has to be paid by the heirs or beneficiaries of the deceased, in contrast to countries like the United Kingdom, where Inheritance tax is paid out of the estate of the deceased.
- Owning Spanish property through a company structure could be a tax timebomb waiting to explode, so get a tax compliance check-up as soon as possible
- Spanish Capital Gains Tax Rates on Property When 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 expatriates The key things expatriates need to know about becoming a taxpayers in Spain by Blevins Franks
- Spanish Inheritance Tax, also know as Succession Tax It 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 property taxes for non-residents The 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 Wealth Tax (Patrimonio) The Spanish wealth tax, known as patrimonio, might catch you buy surprise.
- The Plusvalia Property Tax in Spain Here we explain the Plusvalía Municipal tax, a type of local or municipal capital gains tax on property in Spain.
- 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
- How you become a tax resident in Spain If 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. By Blevins Franks
- 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. By Blevins Franks.
- Non-resident tax summary The 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 opportunity Blevins Franks explain the double tax saving opportunity in the light of the EU-wide Savings Tax Directive of July 2005.
- Preparing for retirement in Spain Are 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. By Blevins Franks