Welex, your leading law firm in Marbella has the pleasure to write some lines about the Wealth Tax in Spain. The Wealth Tax in Spain (also called capital, equity or fortune tax) is a Tax that is applied individually, not on annual income or transactions, but on the personal assets of each individual which include…
By WeLex, leading law firm in Marbella has the pleasure to write some lines with regards to the Rates in Spain known as Impuesto sobre Bienes Inmuebles The Tax on Real Estate (IBI) is a tax framed in the Local Spanish tax system. It management is shared between the State Administration and the Town Councils…
By WeLex, your leading law firm in Spain! Being a non resident and owning a property in the Spanish territory you will be subject to the Non Resident Income Tax. When the property is owned by more that one person regardless if are married on not, each owner will be treated as an independent taxpayer…
Are you a property owner in Spain? Or, planning to purchase a second home and you are Fiscal Resident in another country, then you must be aware of the yearly Spanish tax liabilities which you will be subject to after the purchase. 1 – Non Resident’s Income Tax in Spain. a) Property for own use…
If you are a shareholder of a Spanish SL and wish to transfer your shares, such a transfer is subject to certain rules outlined in the Capital Companies Law of Spain (Ley de Sociedades de Capital). By Welex, efficient company lawyers in Marbella. Firstly, the transfer of your shares must be recorded in a public…
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…
