Spain Explained

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

Posts filtered by Tax requirements in Spain

Demystifying the valor catastral


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 […]

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Making a resident tax declaration in Spain

Tax declaration in Spain

Last updated on February 28th, 2023 at 11:53 am. If you are a resident in Spain then it is very likely that you will have to make a resident tax declaration annually. This declaration or tax return provides evidence of your income in Spain that can be used for a number of reasons, including determining […]

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New Spanish tax law for 2015


Last updated on May 9th, 2020 at 03:58 pm. The new tax legislation in Spain has been debated for a while. Originally proposed in June 2014 it has now been passed and will come into force from the income year 2015. The new law brings with it implications for both residents and non-residents. In most […]

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Myth busting – Spanish complementary tax


Last updated on May 9th, 2020 at 04:01 pm. We’ve recently been reading letters in some well-known free papers from people who really have got their facts wrong. Nothing new there may be, but we feel that some of the myths around complementary tax, if you believe them, could cost you a lot of money. […]

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Changes to Spanish capital gains tax


Last updated on June 3rd, 2020 at 07:25 pm. It’s perhaps a symptom of government austerity that taxation is a particular target for change. It is one of the best means of increasing revenue but must also be handled carefully if your electorate are not to be upset as an election year approaches. As the […]

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Proposals for capital gains tax in the UK


Last updated on June 3rd, 2020 at 07:26 pm. It might come as a surprise to know that in the UK, until now, capital gains tax (CGT) wasn’t payable by non-residents when selling property there. This is perhaps one reason why house prices in London have risen to such exorbitant levels. They have become a […]

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Will you benefit from the tax reform?


Last updated on May 9th, 2020 at 04:06 pm. A draft Spanish tax reform law was approved on the 20th June. The new reforms were proposed by the finance minister Cristobal Montoro at a meeting of the Council of Ministers and are intended to be introduced by January 2015. In this article we will go […]

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Bringing your Spanish paperwork up to date


Last updated on May 9th, 2020 at 04:08 pm. So, here we are in Spring. If you live on the Costa Blanca or have spent much of the past few months out here, you will perhaps feel that winter passed us by this year. Now, we have the promise of all the spring and summer […]

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Tax, tea and travel in Mazarrón

Last updated on October 14th, 2019 at 08:56 am. It’s an important time of the year for residents in Spain. The end of March is the deadline for those who have to present the 720 this year and the 30th June is the deadline for the annual resident tax declaration. We know that many people […]

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Tackling Spanish paper work


Last updated on May 9th, 2020 at 04:10 pm. If you are a resident, living in Spain, how did you approach Spanish paper work: no time like the present – I tackled it straight away and got everything done as soon as I could poco a poco – no rush I just took one piece […]

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Why you should make a resident tax declaration in Spain


Last updated on May 9th, 2020 at 04:11 pm. Would you do a good deed if you didn’t anticipate a reward of some kind from it? The concept of the random act of kindness has taken root. In case you haven’t heard of this, there is even a website dedicated to it: Wikipedia describe […]

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Must you make a resident tax declaration in Spain?

Last updated on April 29th, 2022 at 03:38 pm. Do you enjoy sudoku? Are you one of those people whose coffee table is piled high with completed, half completed and ready to complete puzzle books? Working with numbers is absorbing; it can also be frustrating at times. When you are locked in battle with a […]

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The 720 asset declaration form (and NEW 721 FORM!!)


Last updated on November 27th, 2023 at 11:36 am. Every resident who has assets outside of Spain that total over 50,000€ within any one group, must complete the asset declaration form in Spain before the deadline or risk incurring fines. The groups are: bank accounts (group 1) pension plans and investments (group 2) property (group […]

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What you need to complete the Spanish 720 asset declaration form


Last updated on February 28th, 2023 at 12:32 pm. You’ve got your ticket, you’ve waited in the queue, you get to the ‘funcionario’, and guess what? You haven’t got the right paper work. There always seems to be something you’ve forgotten; not had copied; that’s out of date or you didn’t realise you needed. It’s […]

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Getting ready for the Spanish 720


Last updated on February 28th, 2023 at 12:31 pm. It sounds a little like a bus route, the 720. The publicity surrounding its introduction last year certainly made it a household name, at least amongst the expat population. However, just in case you haven’t heard of it before, the 720 is the asset declaration form […]

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The second round of the Spanish 720


Last updated on May 9th, 2020 at 04:20 pm. Last year around this time, there was great consternation amongst many foreigners living in Spain. The requirement to complete the 720 asset declaration form really shook the community. In case you are blissfully unaware, the 720 is a form on which foreigners living in Spain must […]

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Deductions from 3% retention in Spain


Last updated on March 17th, 2020 at 05:40 pm. The 3% retention is the amount that is kept back by the Spanish Tax Authority after the sale of a property by a non-resident. It is used to pay the Spanish Capital Gains Tax and ensures that funds remain available. Ábaco sometimes receive notifications from the […]

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Find out more about non-resident property taxes


Last updated on May 9th, 2020 at 04:23 pm. Do you know what you’re getting for Christmas? Is it a present you’ve already asked for, some money, or will it be a surprise? People seem to fall into two groups when it comes to Christmas surprises. Those who seek out their presents, feel the package […]

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Don’t guess your Spanish taxes – we’ll calculate them for you


Last updated on March 17th, 2020 at 05:45 pm. I used to love the quiz and games shows of the seventies and eighties. The Generation Game, The Price is Right, Call My Bluff and Blankety Blank were some of my favourites. They were all games you could at least try and join in with, unlike […]

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The Valor Catastral


Last updated on May 9th, 2020 at 04:28 pm. What attracted you to the property you bought in Spain? Was it the number of rooms or the size of the plot? Was it the proximity to local shops and bars or the fact that you have a large patio that takes the sun in the […]

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The Fiscal Fraud campaign gathers momentum


Last updated on March 17th, 2020 at 05:47 pm. There are probably not many people who wouldn’t feel a sense of fear at finding the Spanish tax man at their door. Even if you’ve declared every penny that you should you can’t help but feel irrationally guilty. They are the kind of official who you […]

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Spanish tax warnings


Last updated on May 9th, 2020 at 04:31 pm. The Spanish Tax Authority is continuing to target tax evaders and has announced further measures in its fiscal fraud campaign. Over the past few years we have continued to see a number of different strategies being used. Cross-referencing electricity consumption with the Land Registry, the circulation […]

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Embargoes on Spanish bank accounts


Last updated on March 17th, 2020 at 05:50 pm. You know that minute when you first realise that your wallet or purse is missing. The shock that runs through you to be replaced by a vague hope that you didn’t bring it with you in the first place. In that second of realisation you’ve already […]

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Catching the tax evaders


Last updated on March 17th, 2020 at 05:51 pm. Is CCTV surveillance a good or a bad thing? Most people agree that having a watchful eye in our streets and thoroughfares is a good idea. But how far should it go and when does neighbourhood watch become Big Brother? We have become almost blasé to […]

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Postal dilemmas for non-resident Spanish property owners

Tax notifications non-residents Spain

Last updated on March 17th, 2020 at 05:53 pm. It’s around 12.00 o’clock on a weekday. The sound of a scooter punctures the peace and quiet that usually characterises our little calle. It happens every day around this time and is followed by the appearance of our young post woman on her bright yellow scooter. […]

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