By Welex, conveyancing lawyer in Marbella. Occasionally, clients of our multilingual law firm in Marbella, who co-own 50% of a home, wish to transmit their share of the property to the other owner. This extinction of the condominium involves a series of expenses and fiscal implications that we will clarify in this post. Article 400…
Royal Decree 687/2005 is more commonly known as the Beckham Law. British footballer, David Beckham was one of the first to benefit from this special regime, taxed as a non-resident when he was employed by Real Madrid in Spain. However, natural persons who become tax residents as a result of their stay in Spain may…
Welex, the motivated law firm in Marbella, is excited to discuss donation laws in Spain. Definition of a “donation” in Spain Article 618 of the Spanish civil code defines a donation as “an act of liberality by which a person has a thing for free in favour of another who accepts it.” Therefore, a donation…
After having published more than 250 blogs in four different languages on Welex’s website, we wanted to try something different. Instead of writing about a specific regulation regarding the tax return on the income of natural persons, the corporate tax or the non-resident income tax in Spain, the inheritance tax and a long etcetera, we…
Welex, your law firm and team of economists in Spain, is pleased to introduce you to the Royal Decree 687/2005 (known as the Beckham Law). This legislation states that a natural person, who meets a series of requirements, can be taxed by the non-resident income tax (I.R.N.R) although he or she works in Spain. How…
Once again, tax increases are implemented in Spain, eliminating the 100% bonuses of the wealth tax. Although we said goodbye to the wealth tax in Andalusia this year (see our April post), according to Law 6/2018 of July 3 in the 2018 General State Budget, the wealth tax will be renewed this year to help…
. Keys to the agreement of the budgets of 2019 in Spain. In this post, Welex, your law firm and team of accountants in Marbella, wishes to explain the main lines of the agreement on the general budgets in Spain that will have to be submitted to the Parliament in Brussels and that not only…
Did you buy a property in Spain that is under construction, and are you willing to sell your purchase option to a third party? Are you willing to purchase an already existing option to purchase a property that is under construction in Spain? It is the pleasure of the Welex lawyers in Marbella to set…
The legislation of private law in Spain is a complex subject. It can affect the amount of taxes that must be paid. Wills and inheritance management, succession regimes, residence tax, inheritance tax, real estate purchases and reform proposals must all be taken into account when considering private law. If you would like a complete list…
A foreign car must be registered with the Spanish authorities when it arrives from another country. In Spain, it is not legal to drive a car with foreign registration. When the car enters Spanish territory, you are only allowed to drive it from the port to your place of residence. It is important to register…
