A new regulation in Spain for residents who carry out transactions with abroad has been approved and shall be applicable from January 1st, 2013. Here is a translation of its contents: First rule. Obligation to report. The present regulation is for individuals and legal persons (public or...
Capital gains obtained as a result of selling a property are subject to tax. This income shall be deemed to be accrued when the property is transferred. In general, net gains shall be calculated based on the difference between the cost price and transmission value of...
Form January 1st , those contributors who have a yearly income (taxable base) exceeding 24.107,20 €, will no longer enjoy the current tax deductions that were applicable to residents in Spain in cases of purchase of habitual housing or rehabilitation of those who are disabled....
(Google translation from Noticias Vlex.com) The Congress of Deputies validated by a majority a number of fiscal stimulus initiatives aimed at the home rehabilitation sector that were included in the Royal Decree on Measures to Promote Economic Recovery and Employment, approved on Friday April 9 by...
(From a recent binding official reply to a formal consultation made to the Spanish Central Tax Office) The legal arrangement of the Trust is not recognized as such by the Spanish legal system. The Convention of The Hague internationally applicable to the Trust and its recognition...