Property tax

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

On Monday 26th of April, Andalusia’s coalition government agreed to lower taxes in the region of Andalusia.

Springtime is almost upon us, it is once more the time of the year in which Mother Nature paints the countryside in bright yellow colours, animals are keen to display courtship behaviour, and humans drive estate agents nutty on looking for a brand-new home! Ironically, one of the best times to redu

The “Modelo 720” form, is a basically a declaration of overseas assets for people living in Spain, that is to say, assets held outside of Spain.

2020 was a difficult year for the tourism sector in Spain, including the area of holiday rentals.

Unbeknownst to most non-residents, on buying property in Spain, you automatically become liable for a series of property-related taxes.

In recent times, inheriting property in Spain has become somewhat of a luxury for many, due to the high taxes that have to be paid. In 2019 the state pocketed approximately 50 million euros in unclaimed inheritances.

When as a property owner you transmit your home, whether you sell it or donate it, you’ll naturally want to pay as little tax as possible and make the greatest profit you can.

Many people have doubts about the taxes they will have to pay when buying or selling a home in Spain. This article seeks to explain the resident and non-resident tax on the purchase and sale of property in a simple way, with the help of economist and tax advisor José Miguel Golpe Saavedra.

As you are probably aware by now, one of the best, if not the best, businesses in Spain as of late is to rent out property, specifically as a holiday home (short-term).

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

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.