Spain Explained

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

Posts filtered by Tax requirements in Spain

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

modelo 720

Last updated on December 30th, 2021 at 01:15 pm. 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, […]

Read more

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 […]

Read more

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 […]

Read more

Registering and filing your tax return in Spain

Tax return in Spain

Last updated on March 30th, 2023 at 08:30 pm. 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 […]

Read more

Modelo 210: Non-resident income tax in Spain

Modelo 210

Last updated on March 22nd, 2022 at 09:00 pm. 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 […]

Read more

The effect of coronavirus on Spanish tax regulations

Coronavirus Spanish taxes

Last updated on May 9th, 2020 at 04:26 pm. 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 […]

Read more

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

Car tax Spain

Last updated on April 30th, 2020 at 04:59 pm. 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 […]

Read more

Spanish tax year: Deadlines you need to keep in mind

Spanish tax year

Last updated on May 31st, 2023 at 03:58 pm. 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 […]

Read more

Deductions and tax allowances in Spain

Tax allowances in Spain

Last updated on April 30th, 2020 at 05:05 pm. 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 […]

Read more

Selling property in Spain: Tax implications and advice

selling property in spain tax implications

Last updated on June 3rd, 2020 at 07:19 pm. 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 […]

Read more

IRPF or Personal Income Tax in Spain

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

Last updated on May 28th, 2020 at 10:21 am. 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 […]

Read more

Wealth tax in Spain: Rates, allowances and recommendations

wealth-tax-in-spain

Last updated on April 30th, 2020 at 05:09 pm. 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 […]

Read more

Being a resident in Spain: Requirements and tax obligations

resident-in-spain

Last updated on May 31st, 2023 at 03:53 pm. 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 […]

Read more

Non resident property tax in Spain

Non resident property tax in spain

Last updated on April 30th, 2020 at 05:12 pm. 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 […]

Read more

Tax in Spain for residents: Read our quick guide

guide to tax in Spain for residents

Last updated on May 31st, 2023 at 03:25 pm. 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 […]

Read more

Spanish tax forms foreigners need to complete to avoid penalties

Spanish tax forms

Last updated on April 5th, 2023 at 09:59 am. 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. […]

Read more

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

Do you pay tax when you sell your house

Last updated on June 26th, 2020 at 05:07 pm. 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. […]

Read more

Calculating capital gains tax in Spain when selling your property

Capital gains tax Spain

Last updated on June 3rd, 2020 at 07:21 pm. 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 […]

Read more

Spanish tax on rental income: rates, deadlines and recommendations

Spanish tax on rental income

Last updated on November 10th, 2020 at 01:50 pm. 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, […]

Read more

Non-resident tax in Spain: The complete guide

Non-resident tax in Spain

Last updated on May 31st, 2023 at 03:25 pm. For many non-residents in Spain, the deadline for tax returns will be here by the end of the year. Non-resident tax in Spain amounts to a complicated time for many, so we at Ábaco Advisers try to answer some of your questions.  However, we would like […]

Read more

Taxes in Spain: The complete guide

Taxes in Spain

Last updated on May 4th, 2023 at 12:17 pm. Taxes in Spain depend on your residency status. Both resident and non-residents have to pay taxes in Spain and make Spanish tax declarations but they are at different times of the year. We would like to remind you that taxes in Spain can be complicated and […]

Read more

What you can and can’t be taxed on in spain

Last updated on April 30th, 2020 at 05:33 pm. One thing you will soon become familiar with if you spend time in Spain are the range and variety of taxes. Most of them are the same as you would expect in your home country. However, one or two might take you by surprise. Like all […]

Read more

Did you miss the non-resident tax declaration deadline?

Last updated on April 30th, 2020 at 05:37 pm. December 31st was the deadline for the non-resident tax declaration. This is the form that every non-resident is required to complete annually. It’s a busy time of year and so it isn’t surprising that it can fall off the list of To-Dos. If this applies to […]

Read more

Renting in Spain – the tax implications

renting-in-spain-tax-implications

Last updated on April 30th, 2020 at 05:39 pm. Renting is a good option if you are looking to make some money out of a property you have bought in Spain. Whether it is a short term or long term let, renting is increasingly popular and many different types of property are in demand. Some […]

Read more

Demystifying the valor catastral

valor-catastral-spain

Last updated on April 30th, 2020 at 05:42 pm. Like most countries, you must pay council tax in Spain. But what is it and how is it calculated?  In this article Linda Robertsson Posada, from the fiscal department, explains IBI and the role that the valor catastral has to play. However, we would like to […]

Read more