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Bye Bye to the Wealth Tax in Spain?

By |21, 09, 2022|Tax in Spain|

Our tax lawyer in Marbella is happy to announce and provide information on the expected tax reform in Andalucía, changes in regulations, personal income tax and the farewell of the Wealth tax in Spain. The Wealth Tax in Spain is a state tax that is regulated by the Law 19/1991 of June 6.  It is [...]

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Increase in Wealth Tax in Spain

By |22, 03, 2021|Tax in Spain|

Our law firm and economists in Marbella wants to inform you not only about the increase in the Wealth Tax in Spain but also about the reestablishment of the indefinite nature of this tax. According to Law 11/2020, on General State Budgets for 2021, the scale of the Wealth Tax in Spain increase. It is [...]

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Income tax and wealth tax in Spain. Tax liabilities for non-tax residents

By |04, 06, 2020|

SPANISH TAX LIABILITIES FOR NON-RESIDENT OWNER OF PROPERTY IN SPAIN. Income tax in Spain for non-residents. Taxation for owning a property in Spain. In the event that you are non fiscal resident in Spain and own a real estate in Spanish territory, you will have to file a tax return on Non-resident Income Tax. [...]

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Non Residents Wealth Tax in Spain

By |22, 04, 2019|Property in Spain, Tax in Spain|

Welex, your leading law firm in Marbella has the pleasure to write some lines about the Wealth Tax in Spain. Non Residents Wealth Tax in Spain The Wealth Tax in Spain (also called capital, equity or fortune tax) is a Tax that is applied individually, not on annual income or transactions, but on [...]

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Wealth tax in Spain, particularly in Andalusia

By |14, 11, 2018|Property in Spain, Tax in Spain|

Once again, tax increases are implemented in Spain, eliminating the 100% bonuses of the wealth tax.   wealth tax in Spain Although we said goodbye to the wealth tax in Andalusia this year (see our April post), according to Law 6/2018 of July 3 in the 2018 General State Budget, the wealth tax [...]

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Goodbye to the Wealth Tax in Andalucía in 2018

By |16, 04, 2018|Property in Spain, Tax in Spain|

Spain’s wealth tax is regulated by law 19/1991. In 2008, law 4/2008 established a 100% tax credit against wealth tax liability beginning on 1 January of that year. However, as a consequence of the economic crisis in Spain, the wealth tax was temporarily reinstated between 2011 and 2017. Thus, declarations of wealth tax liability must [...]

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Spanish income tax for non residents – wealth tax in Spain

By |13, 03, 2017|Property in Spain, Tax in Spain|

Rental - Deemed Income Tax All non residents owning a property in the Spain Territory have the legal obligation to present a Non Resident’s annual Tax Return. Even if your Spanish property is left empty or you do not rent it out to a third party, the Spanish Law presumes a “Deemed Rental Income” and [...]

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What measures affect the wealth tax in Spain for residents and non-residents?

By |13, 02, 2017|Property in Spain, Spanish Wills & Inheritance, Tax in Spain|

Wealth Tax in Spain! Although the Spanish wealth tax was temporarily restored for the years 2011 and 2012, several tax measures have been taken since December 28th, 2012 in order to consolidate public finances and promote the economic activity in Spain.   In 2013, the validity of the Wealth Tax was prolonged for the years [...]

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New tax on large fortunes in Spain

By |31, 10, 2022|Tax in Spain|

TAX ON LARGE FORTUNES IN SPAIN On the 29th of September the Spanish Government announced the creation of a new Solidarity Tax on large fortunes in Spain, so our lawyers in Spain, from Welex, law firm in Marbella, have the pleasure to explain below what this tax will consist of. The tax on large fortunes [...]

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Tax base reduction up to one million euros in inheritances in Andalusia | WELEX

By |17, 02, 2022|Spanish Wills & Inheritance|

In the event that you have received an inheritance in Spain, even if you are a non-resident, you must submit a self-assessment of the Inheritance and Gift Tax to the Tax Agency. The self-assessment tax form is called 650. The Autonomous Community of Andalusia has recently established a reduction in the tax base for spouses [...]

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