Property tax

Plusvalia tax is a devolved tax levied by the town hall where your property is located. It taxes the increase in value of the land (hence its Spanish namesake, plusvalia, or increase in value).

Unbeknownst to most non-resident property owners, when buying property in Spain, you automatically become liable to pay IBI tax the following year. No one will give you a heads-up on this tax, so it is up to you to find out how much you owe and comply with your local Tax Authorities.

Congratulations, you are now the proud owner of a Spanish property! It’s understandably a time to be giddy and excited. But has anyone bothered to tell you about the ongoing maintenance costs and taxes of owning a Spanish property?

Continuing with last week's article (Taxes on buying property in Spain), in today’s article, we focus on the taxes sellers need to face.Capital Gains Tax Plusvalia TaxCapital Gains Tax This tax is paid to the central government, to the Spanish Tax Office (AEAT).CGT is taxed on th

Taxes in Spain differ depending on whether you are buying a new-build (from a developer) or resale property (second-hand property or reventa, in Spanish). In addition to the above, taxes are not uniform in Spain.

Buying in Spain can feel deceptively straightforward. You find a place you love, agree on a price, sign a few documents at the notary and pick up the keys.

Before you start house-hunting in earnest, it’s important that you know what you’re letting yourself in for financially.

If you’re buying property in Spain from abroad, it’s easy to fixate on the asking price, notary fees and taxes.

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.

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