At Welex, we believe that it is important to keep our clients informed about the Spanish economy, particularly the gross domestic product (GDP) and mortgage interest rates. This information was published by the National Institute of Statistics, an autonomous body of an administrative nature attached to the Ministry of Economy, Industry and Competitiveness. The GDP [...]
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 an property in the country, you will be subject to the IRNR and real estate tax. When one [...]
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 [...]
Conveyancing lawyers in Marbella at our firm, Welex, have the pleasure to inform you about the capital gains tax in Spain at the time of the sale of your property. When you sell a property in Spain, you must take into account that the profit you obtain is subject to tax. This is the [...]
Please find below legal advice to take into account at the time of selling your property in Spain: Settle on the right price. It is possible that when you wish to sell your Spanish property, you might have difficulty determining the price you wish to sell it. There are specialized professionals in the real [...]
Our law firm in Marbella is pleased to provide you with more information regarding the cadastral value of your property in Spain, which is closely related to the real estate tax. Cadastral values in Spain The cadastral values are administrative values that have been determined for each property located in the Spanish Territory. [...]
Imagine that you are strolling through a city at the Costa del Sol—such as Marbella—and you stop in front of a real estate agency. Maybe you have been looking for a while at the properties in this area because you are thinking of purchasing or renting a property. During that stroll, and as you stand [...]
The position of president in a community of owners in Spain is a potentially inexhaustible source of conflicts. We find that communities exist where everyone wants to hold the position of president because they think that the president will be able to control and dictate the direction in which the community will go. However, much [...]
Welex, your multilingual law firm in Spain, details below more specifics claim sheets that you should consider when choosing a short-term rental apartment in Valencia. CLAIM SHEET IN SPAIN The claims sheets in Spain are four self-copying sheets, which are each a different colour, white, green, yellow and pink. Each colour corresponds to [...]
Welex is your multilingual law firm in Spain, and below, we detail the nine requirements you should have when choosing a short-term rental apartment in Valencia. 1- The registration number assigned to each property and its category should be included in any form of publicity/ advertisement. Kindly note that if a management company is [...]
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