- Fiscal Representation For Residents & Non-Residents
- CGT & Timeshare Taxes
- Property Sales Tax, Property Purchase Tax, Property Income Tax
- Property Rental Income Tax
- Company Tax For Spanish & Non-Resident Businesses
The effective and legitimate management of taxation is a priority for residents and non residents alike. So, it is reassuring that at De Cotta Law, our multilingual team combines legal and financial capability.
The complexities of a foreign tax system often mean that if you are a non-resident property or business owner here in Spain or the Canary Islands, it is very important to have effective legal and financial support.
We are able to advise you on each aspect of your private and commercial tax obligations and ensure you are compliant with Spanish tax legislation with regards to foreign property ownership, non-resident companies and annual tax returns.
Relevant non-resident taxes include CGT income tax, timeshare tax and self-assessed property taxes. It is worth noting that in Spain property tax laws have recently changed and that the new tax returns for property cannot be automated and must be manually prepared and lodged each year within strict guidelines and timeframes.
As your fiscal representatives in Spain, you can be confident that we will notify you annually of your Spanish taxes as a non-resident and even arrange payment of these on your behalf from lodged funds.
If you are already a Spanish resident, or later obtain residency, then our in-house tax specialists here at De Cotta Law will be available to administer your private and business taxes and submit your annual Spanish tax returns.
All property owners in Spain have to pay local taxes – Impuesto de bienes inmueble – IBI – to their local Town Hall. These taxes or local rates are revised from time to time. They are based on the catastral … Continued
This year 2018 brings good news for family members who inherit property and assets bringing inheritance tax reductions in Andalucia. The regional tax has been reduced, with spouses, children, parents and those registered as partners – parejas de hecho – … Continued
In the 3 jurisdictions of the UK, England & Wales, Northern Ireland and Scotland the role of an Executor – who often becomes a Trustee – is a personal obligation on the individual and a burdensome role. For this reason, … Continued
Inheritance tax in Spain is charged differently in the regions of Spain if you are an EU resident. There have been some very beneficial inheritance tax changes this year in Andalucia. They apply when both deceased and the beneficiaries … Continued
A decision of the Malaga administrative courts may have set a precedent for thousands of vendors in Andalucia who sold their properties for less than the purchase price. The local Town Hall tax – plusvalía – has been charged on … Continued
Income earned on the rental of holiday properties in Spain has to be declared to Hacienda, the tax authority. The rate is now 19% but importantly there are a number of expenses that can be set off against the income. These … Continued
The Spanish tax authorities – Hacienda – have begun a new campaign to ensure that non-residents who own property in Spain do pay their taxes. For many years we have been advising property owners of the importance of paying this … Continued
Inheritance tax reductions for Andalucía The Junta de Andalucía is set to increase the tax free sum before inheritance tax is payable on estates within the region of Andalucía. At present the amount a spouse or direct descendant can receive … Continued
REDUCTION IN TAXES FOR NON RESIDENT PROPERTY OWNERS We are very pleased to report a reduction in three important taxes for non-resident property owners in Spain. In moves to encourage property purchases and ownership the Spanish government has announced that … Continued
When you are buying a property in Spain it is advisable to appoint an independent specialist lawyer – abogado – who speaks your language. The lawyer will obtain a copy of the Land Registry entry or Escritura – conveyance deed – which … Continued