The statement of assets and rights abroad is a tax obligation in Spain that is part of the legislation aimed at combating tax fraud. Since January 1st, 2013, all individuals and entities subject to this regulation must report the assets and rights they hold outside Spain.
When an individual acquires fiscal residency in Spain by staying for more than 183 days and/or meeting the requirements established in the Double Taxation Treaty, they may be required to file and pay the Wealth Tax and the Solidarity Tax on Large Fortunes, depending on their assets. Additionally, they must file the Personal Income Tax (IRPF) based on their worldwide income.
If you're a resident of a European Union country and own property in Spain, it's highly advisable to establish a will before a Spanish notary. While not mandatory, doing so can prevent potential legal complications for your heirs. Read this blog and discover why!
The tourist rental market in Spain has experienced significant growth in recent years, prompting new regulations to balance its impact on residential housing. From April 3, 2025, the Horizontal Property Law will require the express approval of the homeowners' association to rent a property for tourist purposes.
At Welex, we are delighted to assist our clients throughout the entire process of buying a home in Spain, including the steps after signing the deed of sale before a notary. In this article, we will explain the essential steps you will need to take once you have the keys to your new home, such as electricity, gas, water, property tax, internet, alarm...
Welex, your law firm and economists in Spain, is pleased to provide an in-depth explanation of the OSS (One Stop Shop) tax legislation developed by the European Union and its application in Spain.
The prevention of money laundering (AML) / (PBC) is of particular importance to developers. At Welex, we aim to delve deeper into the types of documentation required by developers and the reasons behind each request, ensuring that every transaction is secure and complies with current regulations.
This festive season gives us a wonderful opportunity to pause, reflect, and look back at everything we have achieved together this year. At Welex, we celebrate not only the holidays but also the successes, the lessons learned, and above all, the privilege of being part of our clients’ stories throughout 2024.
Welex is a great team and we are very proud of all our members. Let us introduce you to Sara Duarte, the head of the Accountancy Department. She has English and Spanish background, gratuated in UK from Economics and Finance, and she has been the Head of Accountancy of over 20 years. Her mission is to make a positive contribution to the success and satisfaction of Welex’s clients through her dedication and expertise. Learn more about her!
At Welex, a law firm in Marbella specializing in real estate law, we understand that buying property in Spain is a significant decision that can involve various questions and procedures. For this reason, we have prepared this guide to answer common questions and highlight key considerations when buying property in Spain.
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