Financial advice in Spain

Spain is facing one of its most complicated moments due to the COVID-19 outbreak in the country.

The coronavirus outbreak has practically paralysed Spain.

Spain’s COVID-19 outbreak is continuing and in order to tackle the problem, the Spanish government, led by Pedro Sánchez, has approved an economic aid deal of 200 billion euros.

Brexit is already a reality.

All transactions are taxed and even more so if they involve real estate. This year there have been several new developments related to taxes in Spain, specifically those regarding municipal capital gains, property and personal income.

When buying a property in Spain, the mortgage is not the only large expense.

All homes need to make use of electricity and therefore have to contract their supply. However, not all homes have the same consumption habits and needs may vary depending on several factors.

Before when you would buy a house, you would own it for a lifetime.

For people who have a second home in Spain, it’s often necessary to send money there to pay bills, taxes and other living expenses that come with being an expat, but you don’t want the banks and money transfer companies to take advantage of you with inflated exchange rates and fees.

With the change of government, the region of Andalusia approved a new set of inheritance laws on the 11th of April 2019 which drastically reduce, or even suppress, Inheritance & Gift tax. The gist of these changes is that to most people they translate into paying drastically less taxes when inh

On Monday 17th June 2019, a new mortgage law came into force in Spain, having arrived late and with many changes, such as an article that is generating a lot of uncertainty in the Spanish real estate sector.

The Santander bank in Spain wants to attract more expat customers with a new plan that offers all kinds of products and services, from a specialist bank account to a non-resident mortgage, and even pet care. Named the 'Smith Plan', it is aimed at ex-pats who already have a home in Spain and al

Good news for anyone with a rent-to-own property in Spain – the Spanish Supreme Court has declared in a recent ruling that money paid for a rent-to-buy home scheme is tax deductible in the IRPF tax declaration for investment in property. This means that the High Court takes this type of lease to be

Taxpayers in Spain can already consult their tax data online or on the Agencia Tributaria app for the Spanish tax office, and as of 2nd April 2019 have been able to file their 2018 IRPF tax returns. You can only file your tax returns in Spain online for the next month and a half, according to the o

Brexit drags on and keeps hogging all the headlines almost three years after the referendum. For months, the date 29th March 2019 was marked in red on everyone’s calendar, but now there’s going to be a new Brexit deadline.

Andalusia’s centre-left wing party was ousted from power last December after 37 years in control. With the turn of tide, the new centre-right wing ruling coalition agreed in Seville to abolish inheritance tax in Andalusia.

If there is one thing that characterises the building tradition in Spain, it is the well-known and much feared cost overruns. Many Spanish people consider it 'normal' that building work ends up going over budget, regardless of what is being built.

When a taxpayer sells a home in Spain, they are obliged to pay the infamous municipal capital gains tax (called the plusvalía municipal in Spanish) unless they have incurred losses from the transfer.

All those years of hard work are over, and you can finally fulfil your life-long dream: tell everybody “hasta la vista” and retire to Spain. And why wouldn’t you?

The heat makes the thermometers go up, and our electricity bills too. In the next couple of months, we’ll be seeing the highest temperatures of the year, which will cause the electricity consumption of households all over Spain to skyrocket by more than 20%.

Transferring money to Spain isn’t costly or difficult – and you don’t even need a bank for it.

It’s all very well knowing where you want to buy property in Spain and how much the average house prices are there, but what about the price of upkeep and maintenance?

When a taxpayer acquires a home in Spain, he or she can use the website of the Tax Department of the autonomous community they’re in to find out what the property is worth for the purpose of paying the ITP or ISD tax (depending on where it is) and avoid overpaying.

New technologies have many advantages. In just a few seconds you can open a bank account with a selfie, block your phone with your fingerprint, turn on the heating and do your tax returns. However, it is not as simple as it seems when it comes to signing a mortgage.

Whether you’re moving to Spain permanently or just going to spend a few months of the year, you may want to open a Spanish bank account.