Taxation in Spain: what are the advantages?
Taxation in Spain is still in the spotlight and remains a subject of controversy for politicians, journalists and economic experts. Beyond the correct functioning or not of its rules, we want to talk in this article about the interesting advantages of taxation in Spain, linking it, as it can not be otherwise, to the world of real estate. Here we are. A profile that has developed in recent years is that of people who buy a property in Spain, but who have a relationship with a foreigner. There are two cases: Impatries: persons with a tax residence abroad but who work in Spain. Expatriates: persons residing in Spain but working abroad. For these cases, there are regulations concerning them: the LIRPF (Personal Income Tax Act). This Act provides for tax incentives that result in a reduction in the income tax of the persons concerned. Persons who only temporarily benefit from these possibilities are excluded from these cases and must in any case justify their situation in both countries. This type of benefit should always be discussed with a specialist who can guide you through the process. There are other tax advantages related to the purchase of a home, such as: -The purchase of a principal residence for persons aged 35 or under for an amount equal to or less than €130,000 is taxed at 3,5% instead of 8%. -For the purchase of dwellings intended for resale within 5 years, the tax rate is 2%: --Exemption for persons over 65 years of age on earnings from the sale of the principal residence. -Exemption from the sale of the principal residence for subsequent reinvestment. And of course, the most important thing is the legal certainty that the Spanish system provides with virtually equal criteria and taxation with regard to tax and non-tax residents. There are many other cases we’re looking at, which is why the most important thing is always to hire an expert who is aware of the tax regulations in force and who is defending your interests. In any case, our team of specialized advisors will help you resolve any tax issues you may have, so contact us and we will be happy to help.
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AcapulcoCentro
25% de las propiedades con Home Staging se venden en menos de 10 días
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«Acapulco center, has been a beneficiary of the European Regional Development Fund whose objective is to improve the use and quality of information and communications technologies and access to them and thanks to the fact that it has carried out the Web Presence projects to through its own page, Dynamization of social networks, Preparation of digital catalogs and Development of audiovisual promotional material for use on the Internet. to improve the competitiveness and productivity of the company. [2023]. To do this, it has had the support of the subsidy for digital modernization and the improvement of the competitiveness of self-employed people from the Junta de Andalucía. EUROPEAN REGIONAL DEVELOPMENT FUND