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Inheritance tax in catalonia
You will need to pay Inheritance and Gift Tax if you are beneficiary of any inheritance or donation. The tax rate in Spain is set by each regional government, so you will not pay the same if you are from Madrid, Catalonia, Extremadura or Andalucía. The tax...
What is the so-called legitimate inheritance in spain?
It is the share of the inheritance upon which the testor may not decide freely. It is one third of the total inheritance and it is intended for the closest family members. The inheritance is divided into three parts: Legitimate (Legítima) Improvement...
Landlord and tenant – differences and frequently asked questions
The lessor or landlord is the owner of a property that undertakes by means of a lease agreement to lease in whole or in part the property to another person, the tenant, for their exclusive use and for a certain time in exchange for an agreed consideration....
Return 2017- What expenses may the self-employed deduct when working from home
The Tax Agency has always restricted the allowable expenses that the self-employed could deduct when working from home. This does not happen if you have an office. Criteria of the Tax Agency and the Tax General Directorate As previously reported, the...
Taxation of bitcoin
This post aims at explaining how Bitcoin transactions are taxed, directly (income tax, assets tax, inheritance tax) and indirectly (VAT). 1. Personal Income Tax Trading with Bitcoins (or even the purchase of other cryptocurrencies using Bitcoins) may...
Spanish citizenship based on Sephardic origin
On June 25th, 2015 Felipe IV King of Spain signed into law the regulations that would allow the concession of Spain citizenship to persons originating from Sephardi descendent communities. In a very oversimplified definition, a Sephardi is a member of the...
Income Tax 2017: The Tax Agency breaks news for this year´s tax return
News on the tax return in 2017 Below we explain what the guidelines for the 2017 income Campaign are, which starts on the 4th April and ends on the 2nd of July. 1. AEAT App for submitting tax return in one click The greatest news of this campaign is a new...
Informative tax return: form 390
What is the form 390 about? The form 390 is an informative tax return (it is not a self-assessment for tax purposes), which includes transactions details declared in the self-assessments for the tax year. This is why it is called VAT Annual Summary. Is it mandatory...
What to do if the Tax Agency makes you pay more taxes after buying a property
When you purchase a second-hand property, you need to pay the Tax on property transfer and documented legal transactions, as taxable asset transfer. The tax rate is established differently by each region in Spain. First, we need to pay tax based on the property...