Spain Explained

A guide for foreigners on every aspect of safe property ownership in Spain

Posts filtered by Tax requirements in Spain

What is the plusvalía tax in Spain?

Plusvalía tax

If you’re selling your property in Spain there are several costs and taxes you have to consider. Some, you’re likely to have heard of before, like capital gains tax or stamp duty. Others, however, are taxes specific to Spain that you may be less familiar with. One such charge is the plusvalía tax. In this […]

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How the UK-Spain double tax treaty affects you

UK-Spain double tax treaty

Double tax treaties are agreements made between two states to determine the rights of nationals living in the respective countries. For instance, a double tax treaty determines the taxation regime for people who have assets located in one country but are resident in the other. In the case of the UK-Spain double tax treaty, the […]

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Income tax in Spain on your rental property

income tax in spain

Spain is a wonderful place to own a holiday home, with many people of all nationalities investing in Spanish property. With vibrant culture, outstanding cuisine, and virtually year-round sun, it is no wonder that people are flocking to Spain to secure their Spanish escape. However, as we all know, property comes with responsibility, and income […]

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Legal and tax lawyers in Spain: Why should you choose Ábaco Advisers?

Tax lawyers

As a client of Ábaco Taxes you are entitled to a number of ‘extras’. We want to make sure you are getting the full benefit from them. We explain how Abaco Online and our team of tax lawyers can help you keep in touch and informed. Benefits of choosing Ábaco as your legal and tax […]

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CGT in Spain: We answer some of the most common questions

cgt in Spain

When you are moving between countries, the tax implications of selling your property can be confusing. It’s generated some of the greatest number of questions on our forums. Here we try to answer some of the questions regarding CGT in Spain for you. However, we would like to remind you that taxes in Spain can […]

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What are the different tax brackets in Spain?

Tax brackets in Spain

Tax brackets are a familiar concept across most European jurisdictions and tax brackets in Spain follow a similar basic principle. In Spain, the amount of income tax you pay will depend on the amount of money you earn. These earnings are divided into groups, with the percentage of tax you pay ascending the more you […]

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It’s time to file your Modelo 720 form in Spain

modelo 720

It has been a few years since the Modelo 720 asset declaration form was introduced, but it can still slip your mind, especially if you have recently moved to Spain. In case you are one of the people that is not aware of this important form, the 720 is a form which some foreigners living […]

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Property tax in Spain and other expenses you should be aware of

Property tax in Spain

There are many things to consider when purchasing a property in Spain including its proximity to your favourite restaurants, beaches and other leisure facilities. However, another important consideration should be how property tax in Spain and other associated costs affect the final price. This article is here to help give you a guideline on what […]

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How stamp duty in Spain can save money via the extinction of co-ownership

stamp duty in spain

Life is complicated, and sometimes, your circumstances may change. As a result, you might wish to carry out a transfer of property ownership. In this article, we explain your options and why the ‘extinction of co-ownership’ may be the best route to take. Generally speaking, this is because, in most regions, the process only requires […]

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Registering and filing your tax return in Spain

Tax return in Spain

In this article we will go through some relevant information regarding your tax return in Spain. However, we would like to remind you that taxes in Spain can be complicated and you could be subject to fines or penalties if you miss a deadline or don’t do your taxes properly. Advisably, you should seek fiscal […]

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Modelo 210: Non-resident income tax in Spain

Modelo 210

The form Modelo 210 is used to file the ordinary tax return for non-resident income tax (without permanent establishment). In this article we will go through some relevant information regarding the non-resident taxes in Spain and how can you pay them. However, we would like to remind you that taxes in Spain can be complicated […]

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The effect of coronavirus on Spanish tax regulations

Coronavirus Spanish taxes

Everybody around the world is facing difficulties due to the ongoing COVID-19 pandemic. Spain has been among some of the worst-hit countries. Therefore, the government has been keen to publicise some of its measures to alleviate the crisis. To help those concerned, this article sets out to clear up some of the details of coronavirus […]

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Car tax in Spain: How much it is and how you can pay it

Car tax Spain

Like most countries, Spanish citizens and residents need to pay their car tax to keep their vehicle legal on the road. The good news is that it is not an extortionate amount, particularly in comparison to other countries in the EU. Anyone liable to pay car tax in Spain, or IVTM as it is known […]

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Spanish tax year: Deadlines you need to keep in mind

Spanish tax year

Unlike other countries such as the UK, the Spanish tax year runs alongside the calendar year from the 1st of January to the 31st of December. Within that year there are several dates and deadlines to keep in mind. Therefore, in this article, we take a look at those dates and what it is you […]

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Deductions and tax allowances in Spain

Tax allowances in Spain

In this article we will go through deductions and tax allowances in Spain. However, we would like to remind you that taxation in Spain can be complicated and you could be subject to fines or penalties if you miss a deadline or don’t do your taxes properly. Advisably, you should seek fiscal advice from an […]

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Selling property in Spain: Tax implications and advice

selling property in spain tax implications

A question our clients frequently ask is what taxes they’ll have to pay if they’re thinking about selling their home. After all, if you’re selling property in Spain tax implications can be complex and will differ if you are a tax resident or non-tax resident. As one would expect, the rules are likely to differ […]

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IRPF or Personal Income Tax in Spain

irpf-or-personal-income-tax-in-spain

In this article we will go through some relevant information regarding IRPF or Personal income tax in Spain. However, we would like to remind you that taxation in Spain is complicated, and advisably you should seek advice from an expert to avoid possible fines when doing your Spanish taxes. IRPF or personal income tax: what […]

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Wealth tax in Spain: Rates, allowances and recommendations

wealth-tax-in-spain

The wealth tax in Spain, or patrimonio, is something that many people are caught out by as it has no equivalent in several other European countries. In this article we will go through some relevant information regarding the wealth tax in Spain. However, we would like to remind you that taxation in Spain can be […]

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Being a resident in Spain: Requirements and tax obligations

resident-in-spain

Unlike what many expat forums and Facebook pages would have you believe, you can’t simply choose whether or not you are a tax resident of your home country or Spain. Who is classed as resident in Spain? The rules are actually very clear cut – if you live in Spain for more than 183 days […]

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Non resident property tax in Spain

Non resident property tax in spain

What often confuses non-residents is that there is more than one tax to pay. Most people understand that there will be some form of council tax in Spain that will need to be paid annually. In addition to this, however, non-residents must also pay either: Rental income tax if they rent out their property Imputed […]

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Tax in Spain for residents: Read our quick guide

guide to tax in Spain for residents

Retirement in Spain is still a very popular choice. When better to take advantage of Spain’s beautiful climate and perfect pace of life than when you have the time to really enjoy it? However, what you don’t want whilst you are enjoying your new lifestyle are worries about tax or documentation in a foreign country. […]

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Spanish tax forms foreigners need to complete to avoid penalties

Spanish tax forms

Living in Spain brings with it fantastic opportunities to enjoy a different culture, climate and pace of life. Whatever stage of life you are at, it is a rewarding experience. When moving to another country, though, one must be aware of the tax procedures in place. We would like to remind you that taxation in […]

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Do you pay tax when you sell your house in Spain?

Do you pay tax when you sell your house

When people are selling their property in Spain, they wonder, “do you pay tax when you sell your house?” Generally, this type of taxation falls under capital gains tax (CGT), which can be complex. Capital gains tax applies in most countries when you sell a property. In essence, CGT is a payment on the profit […]

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Calculating capital gains tax in Spain when selling your property

Capital gains tax Spain

Capital gains tax is applied in most countries and Spain is no exception. Essentially, capital gains tax is a levy imposed on the sale of a non-inventory asset, that is, a capital asset that’s not likely to be liquidated into cash within a year. The most common capital gains are profits earned from the sale […]

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Spanish tax on rental income: rates, deadlines and recommendations

Spanish tax on rental income

British nationals are by far the largest group of foreign homeowners in Spain. Many keep their property as a holiday home or only live there part time, either renting their property to other holiday makers or long term tenants for some of the year. For many, this is a valuable source of income. However, as […]

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