Category: Law & Tax
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RECOVERING A DEBT IN SPAIN
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The Importance of Having the Right Lawyer Article supplied by Welex Lawyers & Accountants Day-to-day economic activity in Spain is not immune from suffering setbacks, delays, and, in many cases, breaches in orders or contracts agreed between parties to provide a service or goods. What was expected to be normal…
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PROPERTY CONVEYANCING IN SPAIN
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Article supplied by Welex Lawyers & Accountants The first step in property conveyancing in Spain is finding a property. It is imperative to get to know the area before you choose a property. You should visit a number of different locations in order to make an educated decision. Additional research…
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DRAFTING A WILL IN SPAIN
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Alleviate Future Headaches for Your Relatives and Heirs Article supplied by Welex Lawyers & Accountants If you are a resident of a country within the European Union and have properties in Spain, it may be in your best interest to grant a will signed by a notary in Spain. Although…
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Case Study of a Divorce in Spain
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Article supplied by Welex Lawyers & Accountants The first issue to be addressed when it comes to family law in Spain is one related to jurisdiction. The Spanish state requires a link with those wanting a divorce to be aware of the said divorce. In other words, if your last…
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STOCK MARKET-THEMED LAUNCH PARTY FOR NEW BINCKBANK SERVICE
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One of Europe’s largest banks for investors with over 13 years of experience in Spain, BinckBank has partnered with Saxo Bank to launch a new service for English-speaking investors. At the launch party, 150 guests enjoyed a gourmet stock market-themed tasting menu, with tempting treats from the London, Amsterdam, Copenhagen…
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The Beckham Law – Article supplied by Welex Lawyers & Accountants
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Royal Decree 687/2005 is more commonly known as the “Beckham Law”. British footballer David Beckham was one of the first to benefit from this special regime, taxed as a non-resident when he was employed by Real Madrid in Spain. However, “natural persons” who become tax residents as a result of…
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ASSIGNMENT OF PRIVATE PURCHASE CONTRACT FOR DWELLINGS UNDER CONSTRUCTION
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Spanish Taxation Article supplied by Welex Lawyers & Accountants Did you buy a property in Spain that is under construction, and are you willing to sell your purchase option to a third party? Are you willing to purchase an already existing option to purchase a property that is under construction…
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Spanish Capital Gains Tax ON THE SALE OF A PROPERTY IN SPAIN
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Article supplied by Welex Lawyers & Accountants When you sell a property in Spain, you must take into account that the profit you obtain is subject to tax. This is the Spanish capital gains tax, which is also known as “ganancias patrimoniales”. The current applicable rate of the Spanish capital gains tax is 19 per…
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Non-Resident Income Tax in Spain
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Article supplied by Welex Lawyers & Accountants Spain’s non-resident income tax (IRNR) is a direct tax levied on income obtained in Spanish territory by individuals and entities that are not residents of Spain. If you are not a resident of Spain and you own a property in the country, you…
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IBI and Cadastral Values in Spain
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Article supplied by Welex Lawyers & Accountants Closely related to the real estate tax, cadastral values are administrative values that have been determined for each property located in the Spanish territory. Cadastral values are determined based on the following variables: 1. The location of the real estate property, the urban…
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Using a Digital Certificate in Spain – Article supplied by Welex Lawyers & Accountants
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A digital certificate is needed to identify yourself on the internet and to conduct any kind of formal transaction or business. By using the digital certificate, your personal data is protected each time you want to make an online transaction. The digital certificate is available for both natural persons and…
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Spanish Tax on Income for Non-Tax Residents in Spain – Article supplied by Welex Lawyers & Accountants
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November, 2017 How do you fulfil your income tax obligation in Spain in the event that you are a non-tax resident? Following you will find some aspects to consider when filing Spanish tax declaration form number 210. The so-called Tax on Non-Resident Income (IRNR) concerns individuals and legal entities who do not…
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Inheritance Tax Reductions IN ANDALUCÍA
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Andalucian legislation on inheritance procedures includes an interesting change this year in applying the autonomic reduction for a spouse and direct relatives, with heirs paying no tax if the amount is no more than €250,000. Under the new legislation, which came into force on 1 January 2017, the full reduction…
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Retention and With Holdings When Selling Property in Spain
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Everything you need to know about retentions or withholdings for selling properties in Spain by Welex Lawyers & Accountants in Property in Spain, Tax in Spain – August 2017 Welex: your conveyancing lawyers in Marbella. At some point, you might need to know more about the retentions that are carried out for the conveyance of properties…
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Rental Law In Spain
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Welex lawyer in Marbella can advise you on all you need to know to understand the rental law in Spain by Welex Lawyers & Accountants in Property in Spain, August 2017 Welex: your motivated English-speaking lawyers in Marbella! The Urban Rental Law, modified by the Law 4/2013 of June 4th, regulates the rental…
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How To Register a Trademark in Spain
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Leading law firm in Marbella informing about the key points of registering your trademark in Spain by Welex Lawyers & Accountants in Others, Spanish Accountancy August 2017 Welex: your motivated law firm in Marbella! If you want to register your trademark in Spain, we will show you the key points to do so and…
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Cancelling A Mortgage In Spain
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How to formally cancel a mortgage on a property in Spain by Welex Lawyers & Accountants in Property in Spain August 2017 If you find yourself in the long awaited moment of having finally settled the mortgage debt on your Spanish property with the bank, you need to know what steps to take once…
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Rights For Community Property Owners In Spain
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Questions and answers about the community of owners in Spain by Welex Lawyers & Accountants in Others, Property in Spain August 2017 Below, we set out a series of the most frequent questions (and their answers) related to horizontal property matters. What kind of work can I carry out on my property in…
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Obtaining a Spanish NIE Number
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Easily obtain your Spanish NIE number by Welex Lawyers & Accountants in Others, Property in Spain, Tax in Spain August 2017 Law firm in Marbella What exactly is an NIE number, and what do you need it for? There are many questions related to this matter, and we aim to resolve all of them in…
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The Importance of Deposit Contracts
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What is a deposit contract and what types of them are there in Spain? by Welex Lawyers & Accountants in Property in Spain August 2017 When you sign a purchase-sales document for a property, you are compromising yourself through an important document of obliged fulfilment. Therefore, the first contract you will sign, even…
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Purchasing A Company In Spain
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What liability do we acquire when purchasing a company in Spain? by Welex Lawyers & Accountants in Spanish Accountancy August 2017 On many occasions, it is possible to become involved in purchasing a Spanish company which could entail some kind of negative consequences due to the liability these companies may carry. Therefore, when…
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The Truth About Cash Payments In Spain
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What you need to know about cash payments in Spain by Welex Lawyers & Accountants in Spanish Accountancy August 2017 Accountant in Marbella informing on how to deal with cash payments in Spain. In connection with the fight against tax fraud, the unregistered economy and money laundering in Spain, tax offices are increasingly…
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Selling Your Property In Spain
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Formalities and recommendations when selling your property in Spain by Welex Lawyers & Accountants in Property in Spain, August 2017 Are you thinking of selling a property in Spain? If so, you must consider a series of requirements with which you must comply, to ensure that everything is handled legally. Apart from our other recommendations,…
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PAYMENT OF IBI REAL ESTATE TAX IN SPAIN
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Do you want to sell or purchase a property in Spain? If so, who needs to pay the Spanish IBI real estate tax that same year? This matter is regulated in the Law for Local Tax Offices, which establishes that, for the purposes of this tax in Spain, rural and…
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Launch of Life Insurance with Special Worldwide Benefits
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Regency for Expats has launched a new life insurance product “specifically developed to protect globally mobile individuals and employees throughout the world”. The insurance is being underwritten by Regency Assurance (Regency for Expats’ parent company) and is available from 1 May. According to Regency, “The policy is particularly notable for…
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Cancellation Of Your Property Mortgage In Spain
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by Welex Lawyers & Accountants, November 2016 This issue we would like to inform you about the steps that need to be carried out to formally cancel a mortgage loan which has already been paid in full. Make sure the bank signs the title deed that cancels the mortgage in Spain.…
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Limits on Cash Payments in Spain
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Article supplied by Welex, July 2016 At the end of 2012 modifications were made to the Spanish tax and financial regulations. Some of the changes were introduced to increase administrative actions in the prevention of and fight against fraud. One of these initiatives involved setting limits on cash payments for…
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New Regulations for the Holiday Rental Market
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SPECIALIST ADVICE Article supplied by Welex, June 2016 Due to the increasing number of new ways to travel, the Junta de Andalucía (regional government) has decided to regulate properties that offer a tourist accommodation service, in order to establish minimum guarantees of quality and safety for users. This new regulation involves…
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Mortgages in Spain
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The Minimum Interest Rate Charged Article supplied by Welex, March 2016 Here we briefly and simply explain the main issues concerning the minimum interest rate charge on a mortgage in Spain – the so-called “cláusula suelo”. Related to the mortgage loan and the property purchase by mortgage, this contractual clause…
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COMPANY TAX IN SPAIN LOSSES FROM PREVIOUS FISCAL YEARS
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Article supplied by Arcos & Lamers [dropcap]T[/dropcap]he time limit for compensating negative company tax bases in Spain, generated by losses from previous years, has been changed drastically with the introduction of law 27/2014. These tax bases will be applied without any time limit in the future. In other words, negative tax…
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Company Tax in Spain Losses from Previous Fiscal Years
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Article supplied by Welex The time limit for compensating negative company tax bases in Spain, generated by losses from previous years, has been changed drastically with the introduction of law 27/2014. These tax bases will be applied without any time limit in the future. In other words, negative tax bases generated…
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The Final Word: specialist expatriate advice from leading experts
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Inheritance in Spain Article supplied by Welex, September 2015 According to Spanish legislation, there are three types of heirs: voluntary, those entitled to a reserved share, and legatees. Voluntary heirs are those appointed in the will. If they die before the testator, the right to inherit is not…
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Capital Gains Tax in Spain
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Capital Gains Tax in Spain Article supplied by Welex The following information has been compiled in reference to capital gains taxes that might arise from the sale of real estate in Spain. Which Spanish tax law is applicable if a non-resident sells his property in Spain? The Spanish capital gain…
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INHERITANCE AND DONATIONS Change of Spanish Tax Law for Non-Residents
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The Final Word Specialist Advice Leading experts from the worlds of finance, investment, law and property bring us up-to-date with latest news, legal initiatives and information of interest to expatriates living or spending time in Spain. Article supplied by Welex INHERITANCE AND DONATIONS Change of Spanish Tax Law for Non-Residents…
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Home Buying Guide
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Leading experts from the worlds of finance, investment, law and property bring us up-to-date with latest news, legal initiatives and information of interest to expatriates living or spending time in Spain. Article supplied by Welex Home Buying Guide These are the key steps buyers should take into account when purchasing…
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Spanish Property Law
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Spanish Holiday rentals as Homes for Touristic Use in Andalucía. Let’s take a look into the future Are you the owner of a property in Malaga, Benalmádena, Fuengirola, Mijas, Marbella, Estepona, Sotogrande or any other town along the Mediterranean coast and you rent it out or you are thinking of…