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Articles tagged with: non-residents

FAMILY LAW, Featured, Inheritance Tax, legal advice, NON RESIDENT, PREVENTION, PROBATE LAW, taxes, wills »

[15 oct 2012 | No Comment | ]
INHERITANCE TAX IN SPAIN AND NON RESIDENT TAXPAYERS: problems and prospects for the future

Currently, non-resident taxpayers face two major problems in respect to the payment of Inheritance Tax in Spain:
1. Discrimination: non-residents pay much more taxes than residents.
2. Double taxation: this tax is payable in two different countries for the same inherited property.
Discrimination
In Spain, taxes are paid for inheritance between non-residents—even though they are immediate family members, spouses, parents, children…, upon application of the government regulations, that is, a progressive scale of taxes based on the transferred property value.
However, regarding inheritance between residents—immediate family members—taxes are much lower or even not paid, as …

Capital Gains, CONVEYANCING, discount, english speaking solicitor, Featured, Headline, Income, legal advice, malaga, NON RESIDENT, resident, solicitor, taxes »

[6 jun 2012 | No Comment | ]
TAX EXEMPTION WHEN BUYING A PROPERTY BEFORE 31/12/2012

Regarding the current financial situation, which is reflected in the drop of property sales in Spain every three months, the Spanish Government has passed a new tax exemption. This exemption tries to promote the sale of properties and may become very interesting for both individuals and bodies corporate considering buying a real estate property in Spain in the short term, whether they purchase commercial premises, homes, offices, garages, plots, storage rooms, etc.
On the 12th of May 2012, the Central Government passed the Spanish Royal Decree-Law 18/2012 of 11th of May …

conveyancing, CONVEYANCING, Featured, Income, lawyer, legal advice, NON RESIDENT, PREVENTION, Property law, solicitor, taxes, torrox »

[12 abr 2012 | No Comment | ]
TAX EXEMPTION WHEN SELLING YOUR PROPERTY IN SPAIN

The Spanish Constitution and the regulations (tax and social) developed thereof, regarding the protection of the elderly, guarantee that the elderly will receive a comprehensive system of care and protection that promotes and enhances the wellbeing of this section of the population, within which this article highlights the area of economic protection.
The purpose of this type of protection is to formulate a system of regulations that provide the elderly with the necessary economic resources, which will contribute towards their independence and improve their quality of life.
As principle provisions or benefits …

asimilado fuera de ordenación, fuera de ordenacion, Inmobiliario, legalización, malaga, suelo rustico, Urbanismo en La Axarquía »

[13 ago 2011 | No Comment | ]
EL BORRADOR DEL LLAMADO DECRETO DE LEGALIZACIÓN DE VIVIENDAS EN SUELO NO URBANIZABLE DE ANDALUCÍA

Hace tres semanas recibimos en nuestro despacho copia del borrador denominado Proyecto de Decreto por el que se regula el régimen de las edificaciones y asentamientos existentes en suelo no urbanizable en la Comunidad Autónoma de Andalucía de fecha 20 de Junio de 2011.
Se presupone que dicho borrador nace con la intención de regularizar o regular la situación de miles y miles de viviendas situadas en suelo no urbanizable en Andalucía, sobre las cuales ya no es posible ejercer ninguna acción de responsabilidad urbanística, ya sea en vía penal o …

CONVEYANCING, Featured, Headline, Income, Inmobiliario, NON RESIDENT, taxes »

[19 nov 2010 | No Comment | ]
ANNUAL TAXES FOR NON-RESIDENTS WHEN OWNING A PROPERTY IN SPAIN

All property owners in Spain are liable for some taxes every year. Even if you are (tax) non-resident, when owning a property, you must fulfill your fiscal obligations here in Spain by submitting your yearly income tax declaration for non-residents (IRNR).
In the event you are non-resident in Spain, the reason why you are subject to this tax is because your Spanish property is not your principal residence. Non-residents remain subject to the tax because, by definition, Spain is not their principal residence, so that it is necessary to calculate …