- 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.
It has come to our attention that someone claiming to have a previous connection to De Cotta Law has been contacting property owners in the Costa del Sol. If you receive such a correspondence, do not reply, do not send any documents and notify us.
De Cotta Law remains vigilant in respect of cyber fraud and identity fraud which is sadly becoming more prevalent.
Spanish tax notifications
The actions of Spain´s Tax Authority (the “Agencia Tributaria” in Spanish, and referred to as “AT” from this point) in recent years suggests an increased focus on fighting tax havens, searching for hidden assets and controlling international taxation. One of
I am a British resident and I own Spanish property. Should I gift it to my children during my lifetime?
If you gift Spanish property to your children then there are various things that one needs to think about. What tax you will pay tends to be at the top of one´s list. As a Spanish non tax resident, regardless of
Whether you live in Spain full time or part time you may be liable to pay tax in Spain. The primary test for Spanish tax residency is spending 183 days or more living in Spain per calendar year. Even if
Major changes to Spanish Town Hall taxes on sales and inheritance – plus valia
Making the property market even more interesting in Spain is a major change to the local taxes normally payable by vendors or inheritors of property – the plus valia – or local capital gains improvement tax. The varying rates charged
Taxation in Spain for Residents and Non resident property owners
Whether you are tax resident in Spain or own a holiday home here and live in another country the different tax system in Spain can seem very daunting. Every country has particular rules and obligations and by ensuring your affairs
Residency for British Citizens – The Foreign Identity card – TIE
A new residence document was introduced last year for British Citizens in accordance with the terms of the Withdrawal Agreement between Britain and Spain. An application can now be made for those who were residing in Spain prior to 31st
Deadline – Modelo 720 for Spanish tax residents with assets outside Spain
For tax residents in Spain the end of this month, 31st March, is the deadline to complete the 720 tax form. As a tax resident you are obliged to provide information to the Spanish tax authority about assets you hold
Take advantage of the transition – becoming tax resident in Spain
We are often asked by British citizens coming to Spain to buy property – Where do I pay my tax? The double taxation relief treaty between Spain and the UK is not an EU agreement and at least initially, will
Inheritance, Wills and Taxes – Post Brexit Deal
This is an area that will remain unchanged post Brexit. The law that will govern succession and who will receive your assets on death will not change. The application of your law of nationality has been recognized and formalized in
Becoming a Spanish resident – where do I pay my tax
The Double taxation relief treaty between Spain and the UK is not an EU agreement and at least initially, will not be affected by Brexit. It may be revisited in future years once the dust has settled on any deal