Property tax

A new draft bill in Spain proposes doubling property prices for non-EU buyers, aiming to curb foreign investment in certain regions and make housing more accessible for locals. If passed, the legislation could significantly impact non-European investors, particularly in popular coastal and urban areas.

The Socialist Parliamentary Group (PSOE) has introduced a bill aimed at promoting affordable rental housing.

The Spanish rental market can be an exciting and lucrative venture for UK residents.

On Monday the 13th of January, Spain’s president proposed to levy a tax of 100% tax on home purchases by non-EU nationals (e.g. American and British citizens).

For expats and non-resident buyers aspiring to own a home in Spain there’s a lot to learn.

Today’s article mirrors our published article Taxes on buying property in Spain.Sellers in Spain are liable for two taxes:1. Capital Gains Tax (CGT, for short), and2.

The Madrid Assembly has given final approval to the tax incentive for foreign investors, along with a series of tax deductions for housing.According to the regional government's estimates, the eight new aids approved for housing and depopulation will result in a tax saving of over €150 million for M

The Valencian Council has approved a decree law establishing extraordinary tax measures to provide immediate support to families and companies affected by the recent floods for those taxes over which the Valencian Community has regulatory powers.

Spain: tax haven or tax hell? Actually, it’s both. In John Boorman’s 1981 Excalibur movie, there is a part of the dialogue between Merlin and King Arthur where Merlin explains he is a dream to some but a nightmare to others.

Many property owners frequently discover that their property registration in the Cadastre contains errors, especially about the property's surface area.

When buying or inheriting a property, the owner may be subject to a value assessment by the Tax Authorities, to check that they are paying enough tax for the property.

In Spain, as a taxpayer, one of our duties is to inform the Spanish tax authorities of our tax address if it changes.

The President of the Xunta de Galicia, Alfonso Rueda, announced, in the Debate on the State of the Autonomy, that his Government will reduce the Property Transfer Tax to 8% from 2024 and will automatically grant the "Tarxeta Benvida" to all households that meet the income requirements without needin

The exemption for reinvestment in a primary residence is a tax benefit widely used by taxpayers in Personal Income Tax (IRPF).

The entry into force of the new Cadastral reference value (contemplated in Spanish Law 11/2021 on measures to prevent and combat tax fraud) has ended one of the controversies that taxpayers had with the Treasury under the previous regulations.

The Spanish land registry is a public institution that registers all information about a property and its legal ownership.

When you decide to buy a house, you must remember that, apart from the price agreed with the seller, you will also have to pay a series of taxes associated with the transaction. When buying a used home, the most notable tax is the Property Transfer Tax (ITP by its acronym in Spanish).

The law that introduced the new taxes on banks, energy companies and large fortunes, in force for the last two months, came with an unexpected change in the Wealth Tax that fully affects non-resident foreigners who own property in Spain. A modification that, according to the experts consulted by id

When selling property in Spain, there are several taxes that have to be considered.

Home swaps have been growing in recent months in Spain, as a result of the emergence of covid-19. This alternative to traditional sales and purchases have now totalled 1,230 transactions between January and September, according to the INE.

As Idealista readers may recall, Spain’s Constitutional Court overturned plusvalia tax last 26th October 2021. We published a detailed article at the time.

On the 26th October 2021 Spain’s Constitutional court declared null and void a series of articles which in practice translates into eliminating plusvalia tax. The exact details of the ruling remain unknown as it has still not made public as of the time of writing, but is expected to be released

Like every year, we take the opportunity to gently remind all non-resident property owners in Spain they are under a fiscal obligation to file once a year a tax that is known as non-resident imputed income tax (NRIIT, for short).

Most non-residents are vaguely aware that on selling property in Spain, a buyer practices a 3% retention on the sale proceeds which is paid directly to the Spanish Tax Office.

*Article by Rosana Ramírez from Alecora Tax & Legal Services If you were thinking on buying a property in Andalusia (Costa del Sol area), we have good news for you, since 28th of April to 31st December 2021, the Andalusia Government has established a reduced transfer tax from the progressive [8