non-resident Tag

13 Aug A very important sentence by the Spanish Supreme Court about permanent establishments in Spanish territory may involve the multinational groups to review their structures in order to avoid the possible existence of unwanted, permanent establishments.

Posted at 12:40h in News by Emilio Pino 0 Comments

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The Spanish Supreme Court has recently ruled the verdict number 1626 / 2008 (case "Roche") and concluded that the activity of manufacturing and sales promotion undertaken by Roche Vitamins, S.A. (RV), a Spanish branch of the Swiss company Roche Vitamins Europe Ltd.  (RVE) constitute a...

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06 Aug Spain and Germany sign new Double Taxation Treaty

Posted at 11:56h in News by Emilio Pino 0 Comments

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  Spain and Germany have ratified the treaty to avoid double taxation and prevent tax evasion in respect of taxes on income and on capital. The treaty comes into force on  18th October 2012 and is applicable from 1st of January 2013. Capital represented by real estate...

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08 May New legal regulation on obligatory information to be provided to Spanish authorities about private financial transactions with abroad

Posted at 12:27h in News by Emilio Pino 0 Comments

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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...

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09 Apr Towards the European inheritance rules. European inheritance Certificate.

Posted at 12:32h in News by Emilio Pino 0 Comments

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The Committee on Legal Affairs of the European Parliament has recently adopted the proposal for the regulation on legal issues in relation to Inheritance Law in the European area and creation of a European certificate of inheritance, whose purpose is to facilitate the process concerning...

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28 Mar Non-residents Capital Gains Tax on Real Estate sales. EXPLAINED

Posted at 12:01h in Real Estate Investment by Emilio Pino 0 Comments

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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...

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23 Oct what would happen to the children when I die? Would they, for instance, be prepared to face the unclear formalities and consequences when they inherit the house in own in Spain?

Posted at 10:51h in Probate Law by Emilio Pino 0 Comments

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You are on the top of the hill…still enjoying your recent slice shot on 18th hole. You are sure it was your cutest banana ball and you told others it was intentional when the ball landed on the green. And now you see a rewarding view of...

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05 Jul How to buy a home in Spain step by step

Posted at 11:59h in News by Emilio Pino 0 Comments

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This is an useful guide published by the Spanish Property Registrars Association worth reading by every non-resident English speaking investor. You will note however that even if this guide clearly explains the basic steps needed and even though going through these seems to be presented as...

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04 Jul The Spanish Cabinet has declared it is urgent to debate and approve a proposed law previously sent to the parliament partially amending the existing Spanish Law of Corporations (including S.A. and S.L. companies).

Posted at 12:28h in News by Emilio Pino 0 Comments

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The Spanish Cabinet has declared it is urgent to debate and approve a proposed law previously sent to the parliament partially amending the existing Spanish Law of Corporations (including S.A. and S.L. companies). At this stage, these are some of the changes worth to be mentioned: -         ...

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08 Jun Spanish new Act about prevention against money-laundering and the financing of terrorism

Posted at 12:15h in News by Emilio Pino 0 Comments

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On 29 April 2010 the new Act about prevention against laundering of capital and the financing of terrorism (the "Act") which repeals and replaces the regulation currently in force in the field of such Prevention. The law has a dual objective: -          To strengthen the functioning...

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31 May All I have in Spain is a holiday house for me (un-rented), why should I pay “income” tax every year in that Country?

Posted at 17:14h in Real Estate Investment by Emilio Pino 0 Comments

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You have to pay it because, legally speaking, in Spain there is a property-owners’ imputed income tax charged on secondary homes. And yours is clearly the case since your principal dwelling is abroad. The same applies to residents in Spain who own more than one...

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