Digital Nomad Visa Spain: 2026 Guide for UK Professionals
With the Digital Nomad Visa Spain, the dream for many UK-based professionals of trading a grey London morning for a coffee on a terrace in Seville or a co-working space in Barcelona has never been more attainable. As we move through 2026, the Spanish Digital Nomad Visa (DNV) has matured into one of the most robust […]
EDAV Spain Residential Real Estate: Fiscal Vehicles Guide
EDAV Spain residential real estate continues to be a primary destination for international capital due to its unique tax advantages. While the sunshine and lifestyle are perennial draws, the sophisticated investor looks deeper into the fiscal architecture that governs these assets. Among the various vehicles available, the Entidad Dedicada al Arrendamiento de Viviendas (EDAV) stands out […]
Modelo 720 US LLC: 2026 Reporting Guide for Spanish Residents
If you live in Spain and hold an interest in a Modelo 720 US LLC, you might be sitting on a tax reporting landmine. Every year, many Spanish tax residents discover—often too late—that the Spanish Tax Office (Hacienda) expects a forensic breakdown of their global footprint, even when no Spanish tax is due. Every year, many […]
Spain: Strategic Base for Family and Business
The global business landscape is transforming. Recent research from the Financial Times reveals that nearly 6,000 owners of high-growth businesses have relocated from the UK over the past two years, with Spain emerging as the second most popular destination after the UAE. Rather than viewing this as a trend defined by departure, it represents an […]
Navigating International Taxation: The Realities of the UK-Spain Treaty
International taxation often feels complex. Its main instrument, the double taxation treaty, is frequently misunderstood. Many professional errors arise not from technical difficulty, but from a failure to understand what a treaty does, what it covers, and where its limits lie. This article focuses on the interaction between the UK and Spain, including UK residence […]
Substance Over Structure. Redefining the Boundary Between Tax Abuse and Simulation in Spain
On 28 January 2026, the Spanish Central Economic-Administrative Tribunal (TEAC) issued a unification decision (00/09964/2023/00/00) that clarifies, in unequivocal terms, the legal boundary between two distinct anti-avoidance doctrines that have long troubled cross-border tax planning. The decision addresses the relationship between simulation of transactions under Article 16 of the Spanish Tax Law (Ley General Tributaria […]
Beckham Law Meets the UK LLP: Spain’s Tax Office Issues Game-Changer for Expatriates
Spain’s “Beckham Law” was designed to attract international talent. But in practice, it has evolved into something more fragile: a regime that can be lost not only through obvious breaches, such as changing residence status, but through technical missteps in the architecture of income. One such risk has worried inbound taxpayers for years: what happens […]
Beckham Law Withholding Tax Vacuum: Do US or UK Employers Need to Run Spanish Payroll?
Spain’s “Beckham Law” (Article 93 LIRPF) remains one of the most attractive tax incentives in Europe for foreign professionals relocating to Spain. Named after the footballer who famously benefited from it, the regime allows qualifying individuals to pay a flat 24% tax rate on their worldwide income, while other foreign-sourced investment income and gains are […]
Changing your Tax Residency: Key steps to avoid costly mistakes
When footballer Kylian Mbappé moved to Real Madrid, or when tech entrepreneur Daniel Ek relocated from Sweden to the UK, the media focused on transfer fees and business deals. But behind the headlines lay a far more complex challenge: navigating the labyrinth of international tax residency rules that could make or break their financial futures. […]
Britain’s Closest Cousin? Why Spain Is More Familiar Than You Think
Here’s a question that might make you spit out your tea (or café con leche): Which country is most similar to Britain? If you guessed Denmark, Sweden, or perhaps Canada, you’d be in good company, but the reality points in a different direction. According to The Economist’s recent analysis of OECD countries, the answer is […]
International Divorce Between the UK and Spain: Strategic Guidance for British Expatriates
International divorce between the UK and Spain raises complex legal and strategic issues. Following Brexit, the legal landscape has shifted from automatic EU regulations to a more nuanced framework of international conventions and national laws. For British expatriates, early decisions on jurisdiction and financial strategy are not just tactical—they are definitive. 1. Jurisdiction In the post-Brexit […]
Spain Finally Levels the Playing Field: UK Landlords Can Claim Rental Deductions Too
Spain’s National Court has rocked the world of Spanish real estate taxation with a decision that stands to benefit thousands of non-EU landlords and international investors. In July 2025, the court extended a vital right, previously reserved for EU/EEA taxpayers, to non-EU residents, allowing them to deduct expenses directly tied to their Spanish rental income […]
Spanish Probate for UK Nationals: A Complete Guide to Administering an Estate in Spain
Spanish probate is the legal process of organising and administering a deceased person’s assets in Spain and distributing them to beneficiaries once all debts and taxes have been paid. For UK nationals dealing with Spanish estates, this process differs significantly from the familiar UK probate system and requires careful navigation of Spanish civil law procedures, […]
Invalid Notifications in Spain and HMRC Recovery in the UK: A Procedural Defence for Cross-Border Taxpayers
Over recent months, we have seen a growing number of UK taxpayers receiving letters from HMRC demanding payment of Spanish tax debts on behalf of the Agencia Estatal de Administración Tributaria (AEAT). In many of these cases, the underlying issue is not the amount of tax assessed but a procedural flaw: the taxpayer was never properly notified in Spain. What may seem a […]
Huge Win for Non-Residents: Spain’s Supreme Court Opens Wealth Tax Refunds for Non Residents
Spain’s Supreme Court has delivered two landmark decisions (STS 1372/2025 and STS 1402/2025) that fundamentally reshape how non-residents are taxed when they own significant assets in Spain. For the first time, the Court has confirmed that non-residents are entitled to the Wealth Tax protection cap (límite conjunto de tributación), a mechanism that prevents the combined […]
Spanish Non-Resident Tax on Employment Income: When Does It Apply?
If you’ve been working from Spain while maintaining tax residence elsewhere, you might be surprised to learn that you could still owe Spanish taxes on that employment income. Spanish Non-Resident Income Tax (IRNR) can apply even when you’re not a Spanish tax resident, and understanding when this obligation arises is crucial for avoiding penalties and […]
Trusts in Spain: An Incoherent Legal and Tax Approach
A trust is a legal relationship originating in common law whereby a person (the settlor) transfers assets to another (the trustee) to hold and manage for the benefit of one or more beneficiaries. The trustee holds legal title, while the beneficiaries enjoy the equitable or beneficial interest. Although often compared to civil law concepts such […]
Navigating Spain’s Golden Visa After the New Immigration Law Reform
The Investors residence permit (also known as golden visa) has been one of the most popular vehicles used by non-European expats in order to start a life in Spain. Between 2019 and 2020, before Brexit fully took effect, some UK citizens secured Spanish Golden Visas through property investments in anticipation of losing EU free movement […]
Remote Working in Spain: Does Spanish Employment Law Apply?
As more UK employers support staff working remotely from Spain under the Digital Nomad Visa, it is crucial to understand which employment laws apply and what obligations arise. UK Law in the Contract – But Not the Whole Story Your employment contract can specify that UK law governs the employment relationship. This choice is valid […]
Debunking myths about wealth and Spanish tax residency
Debunking myths about wealth and Spanish tax residency. Spanish tax expert León Fernando del Canto argues that Spain can be an attractive tax jurisdiction for wealthy foreigners who know how to manage the system. “Don’t let the tax tail wag the dog,” my mentor Tony used to say back in 2000. During that time, he was […]
Solidarity Tax on large fortunes: Key points for 2024
Solidarity Tax on large fortunes: Key points for 2024. Last year saw the first application of the Solidarity Tax on Large Fortunes (ITSGF), which sparked considerable controversy and claims of unconstitutionality. The Constitutional Court, however, swiftly upheld its legality. Consequently, taxpayers must once again self-assess and, if applicable, pay this tax. What does the ITSGF […]
Spanish tax notifications for non-residents
Spanish tax notifications for non-residents. Non-resident taxpayers with ties to Spain must stay proactive about their tax obligations. Keeping your address updated with the Spanish Tax Administration is vital to ensure you receive all necessary communications. If you face any issues with tax notifications, seeking expert legal advice is the best course of action to […]
5 Not to be Missed Places in Cádiz
5 Not to be Missed Places in Cádiz. Cadiz, the oldest city in Western Europe, is a treasure trove of history, culture, and natural beauty. From its cobbled streets to its breathtaking sea views, every corner of this city holds a unique charm. If you’re planning a visit to this jewel of southern Spain, don’t […]
Obligation to Appoint a Tax Representative in Spain: Guidance for Non-Residents
Understanding the obligation to appoint a tax representative is crucial for non-residents conducting economic activities in Spain. This blog post elucidates the scenarios under which such an appointment is mandatory, referencing key guidelines from the Spanish Tax Agency and recent binding consultations. Who Needs a Tax Representative in Spain? Non-residents in Spain, especially from non-EU […]
Spanish Tax Investigations And Enforcement
According to research by the website InterNations, the top three cities in the world in which expatriates thrive are all in Spain, namely Malaga, Alicante, and Valencia. And with the Spanish Government lobbying Brussels to exempt British tourists from the 90-day visit rule, it is clear that Spain deeply values its expat communities, whether individuals, […]
Counting days: Shakira’s Spanish tax nomad case
Counting days: Shakira’s Spanish tax nomad case. Key points In the context of residency, the UK and Spain define the unit of one day differently. Shakira thought she had a nomadic lifestyle but she was not warned of the specific rules applying in Spain. Spain is not a country for tax nomads and the investigation […]
Spanish tax liability for UK nationals in Spain
Spanish tax liability for UK nationals in Spain. Following our article examining how the Spanish tax authorities will determine whether a UK national is resident in Spain for tax purposes, we look at what taxes are payable in Spain by non-residents and those whom the authorities deem Spanish tax residents. Tax payable in Spain by […]
A new ‘digital nomad’ visa for Spain is in the works: Is it the answer to your visa woes, and what are the tax implications?
Could the new digital nomad visa in Spain be the answer for UK and other non-EEA professionals who wish to live and work in Spain? If so, what would be the tax consequences of this new nomadism? We look at the visa’s rules and assess its conditions. The Spanish parliament is discussing new legislation loosely […]
What Do Changes to Andalusia’s Wealth Tax Mean for Homeowners?
What Do Changes to Andalusia’s Wealth Tax Mean for Homeowners? Both resident and non-resident property owners in Andalusia are now exempt from paying Spain’s wealth tax, resulting in an average saving of €5,000 (US$4,933) per household Every week, Mansion Global poses a tax question to real estate tax attorneys. Here is this week’s question. Q: I’m […]
Why bending it like Beckham could make financial sense in Spain
Why bending it like Beckham could make financial sense in Spain. We sum up the pros and cons of the so-called Beckham Law to help you decide if this tax regime in Spain is for you or not. Of course, we’ve all heard of David Beckham, one of the greatest footballers ever and now a […]
Is it possible to buy or sell Spanish property from the UK and in pounds?
Is it possible to buy or sell Spanish property from the UK and in pounds?. You might be under the impression that you can only buy Spanish property in Spain and euros. But as we explain in this article, it’s perfectly possible to carry out the transaction in the UK, in pounds and using a […]
How do you know if you’re a tax resident in Spain (or not)?
How do you know if you’re a tax resident in Spain (or not)? In today’s mobile world, many people spend time in Spain and other countries during the year. But does this make you resident for tax purposes in Spain or are you fiscally resident elsewhere? This guide explains how you know if you’re a […]
Four ways to save on property tax in Spain
Four ways to save on property tax in Spain. Property tax in Spain is notoriously high, both on purchase and during ownership. But, what if it were possible to reduce that bill? And if so, how would you go about it? In this article, we address these questions. We also look at reducing your liability […]
6 myths about Spanish wills debunked
6 myths about Spanish wills debunked. As with many legal matters, Spanish wills come with their fair share of myths. At Del Canto Chambers, we’re more than used to clients’ worries about safeguarding their Spanish assets for their chosen heirs. And more often than not, this anxiety is caused by misconceptions about the law in […]
Let your lawyer handle your financial and property affairs
Let your lawyer handle your financial and property affairs. A Power of Attorney will often be the most practical way of enabling a Spanish lawyer to undertake tasks and sign documents on behalf of their clients so that they do not have the expense and the inconvenience of having to attend in person to sign […]
The new Spanish Visa for UK professionals investors and “digital nomads”
The new Spanish Visa for UK professionals, investors and “digital nomads”. UK nationals have been struggling during the last two years to get adequate visas to come to Spain as the existing legislation, Immigration Act 4/2000 and Golden Visa 14/2013, do not address the post Brexit (and post Covid19) scenarios. The existing Golden Visa, Non […]
9 top tips when applying for the Golden Visa in Spain
9 top tips when applying for the Golden Visa in Spain. Since it was introduced in 2013, the Golden Visa has proved a popular option for investors in Spain and at Del Canto Chambers, our lawyers have helped dozens of clients gain residence benefits through it. But while there’s a lot of official information about […]
Brits living in Spain go up by 9.5% in 2 years, but should you become tax resident in Spain?
Brits living in Spain go up by 9.5% in 2 years. In 2021, British nationals opting for Spanish residency increased by 4.4%, bringing the total number to less than 1% shy of its record in 2013. Despite the challenges of Brexit, the number of British becoming residents in Spain has increased by 9.5% since 2019. […]
The advantages of buying and investing in Galicia and inland Spain
Buying and investing in Galicia and inland Spain. Galicia, in north-western Spain, is not as well-known as some other regions but for those who enjoy the attractive countryside with the combination of coast, mountains, rivers and picturesque villages along with cooler temperatures, it is an excellent choice. It is cheaper than more popular areas of […]
720 form is in question
720 form is in question. This infamous and abusive Spanish Tax Form 720 has been now declared contrary to the free EU movement of capital. The EU Court of Justice has ruled on 27 January 2022 that the penalties imposed are disproportionate and are not necessary to guarantee the effectiveness of the Spanish tax legal […]
Gibraltar tax agreement with Spain
Gibraltar tax agreement with Spain. What does the tax agreement between Spain and Gibraltar mean for you? Gibraltar is not just a rock. The city is a special place, with a very interesting history that reflects the constant flux of relationships between Spain and the UK. The overseas territory has a thriving economy, based on […]
Form 720, an illegal form?
Form 720, an illegal form?. The Supreme Court of Justice rules in favor of a taxpayer with a property abroad and condemns to the Spanish Tax Office for the sanctions of Form 720 Relocating to Spain for business or pleasure is a very appealing prospect for many; however, it comes with obligations. One of the […]
Spanish tax investigation
Spanish tax investigation. Taxes are just a fact of life, wherever you live. In fact, sometimes, the luckier you have been in life, the more worried about taxes you must be. Residency, marriage, family, profession… Everything seems to impact how much we pay, and this can generate anxiety. Tax authorities sometimes seem like a black […]
Taxation of spanish residence
Taxation of spanish residence. Sun, food, chances for relaxation, affordability… All of these and even more are invaluable elements that contribute to an accomplished life are present in Spain. Many Spaniards take them from granted, actually. But, for the growing number of expats arriving from all over the world, these are the country’s key attractions. […]
British expats living in Spain: are their rights at stake?
British expats living in Spain: are their rights at stake?. Hundreds of thousands of British expats living in Spain face increasingly unfavorable tax burdens and discrimination over their pre-Brexit immigration status. Before the UK’s departure from the EU, most British citizens living in Spain failed to register their residence and have been flying under the […]
Taxation of Spanish Property
Taxation of Spanish Property. One of the most common concerns for British and other expat residents in Spain is their property taxes. How many taxes are there? When are they applied? How much and what are the timings for taking care of them? Taking care of these duties is very important, particularly if your house […]
Owning property with a company in Spain (II)
Owning Spanish property via an international company. Previously, we have the reviewed the history of property ownership through companies in Spain. The structure emerged in the last decades of the past century as an advantageous method for the country to attract foreign investors; and for these investors to avoid excessive taxes. However, in recent years, […]
Owning property with a company in Spain
Owning property with a company in Spain: a tax time-bomb. Owning Spanish property via an international company could be a tax time-bomb waiting to explode. Spain has for decades been a destination for countless expats across the world; some areas along its beautiful coast resemble British colonies, due to the concentration of UK citizens living […]
Taxation of british pensioners in Spain
Taxation of british pensioners in Spain: British citizens applying for pensions while living in Spain: before and after Brexit implementation time. It is hard to trivialise the issue of pensions for any British citizen interested in relocating to Spain. Besides the obvious attractions, such as a nicer climate and beautiful environments, the relatively lower costs […]
Spanish tax authorities use big data to check the residency status of international expatriates
The Spanish tax office’s (Agencia Tributaria – AEAT) Annual Tax and Customs Plan for 2021 is paying closer attention to international expatriates based on expenditure patterns and travels. Spain’s tax agency has announced that it will be using so-called big data to track the movements of high net worth individuals to check whether they are […]
Ibiza for Expatriates: what you need to know if you own a house, boat or investment in Ibiza
Ibiza for expats Do you think of Ibiza as merely a party island? You’d be so wrong. Ibiza is the home to thousands of expatriates who value its warm climate, rich cultural heritage and peaceful environment which allows them to ‘disconnect’ from their busy lives. So here are a few reasons why you should consider […]
The spanish tax office red tape: The form 232 Declaration
The Spanish Administration is famous for the excessive formalities and its red tape. One of those famous formalities is coming soon and it comes in the form of, surprise, surprise: a new tax return! The form 232 Declaration. The new tax return will report on all the company transactions with related parties; including those with countries […]
British residents in Spain after Brexit
British residents in Spain after Brexit. Ever since the referendum in 2016, British and European press outlets were full of predictions and prophecies about the outcomes of the vote. From catastrophe to paradise, commentators had a lot to say about trade, working rights, movement and other issues that now had to be negotiated by both […]
New High Court ruling will force the Spanish Tax Authorities to be better behaved
New High Court ruling will force the Spanish Tax Authorities to be better behaved. Let’s say you are being treated by a doctor with a specific drug just before having been diagnosed properly. This is, at its core, the way in which the Hacienda (Spanish Tax Authorities) has been acting when it came to the […]
Wealth tax: a small tax for such a big debate
Wealth tax: a small tax for such a big debate. As the government considers the country’s economic position following the Covid-19 pandemic, calls are being made for the implementation of a wealth tax. Speaking in early July 2020, the shadow chancellor Annaliese Dodds said that the government needs to look at the injustice of the […]
What Does the Tax Agreement between Spain and Gibraltar Mean for You?
On the 4th March 2019 a new tax treaty was agreed between the UK and Spain regarding Gibraltar and this could have serious implications for anyone with connections to Spain. The Tax Agreement between Spain and Gibraltar ame into force in March this year with the intention of improving cooperation between Gibraltar and Spain in […]
The Spanish inpatriate system (the Beckham Rule) post Covid-19
The Spanish inpatriate system (the Beckham Rule) post Covid-19. As a consequence of the Covid-19 health crisis global immigration has fallen, and the property market is suffering with a substantial reduction in prices worldwide. Once lockdown has been lifted, we can expect countries – especially EU member states – to begin competing with one another […]
Spanish Inheritance Tax Considerations for “Brexpats”
Spanish Inheritance Tax Considerations for “Brexpats”. With Brexit underway, U.K. residents who own property in Spain—of which there are many, considering Spain is one of the top overseas destinations where British people own second homes—need to make a concerted effort to understand the changing landscape affecting how their overseas assets will be taxed in accordance […]
Spanish Tax deadlines are not extended
The #coronavirus crisis requires constant monitoring of our tax obligations, both in England and Spain. In Spain, despite the situation, the Council of Ministers, in its meeting yesterday, did not approve extensions to the Spanish Tax Deadlines.
The Brexit Prophecy and “Brexpats” in Spain
The Brexit Prophecy and “Brexpats” in Spain. Brexit is here and all seems very normal. Brexit will be completed as a result of the U.K. elections—the fulfillment of a prophecy, announced for the first time by then Prime Minister David Cameron when he called the referendum back in 2016—a referendum he himself did not even […]
Sting in the tail for Spanish property buyers
Sting in the tail for Spanish property buyers. It was recently reported that over 5,000 properties in Spain are owned by international investors, the majority of which are UK residents. In the late 20th century, buying real estate in Spain via international corporate structures was a popular way of reducing tax liabilities, writes international tax […]
Spanish Tax Authority Looks at Foreign Property Owners
Spanish Tax Authority Looks at Foreign Property Owners. International tax barrister Leon Fernando Del Canto discusses the growing interest of the Spanish tax authorities in ownership of properties through international corporate structures. The authorities have a number of new tools to investigate these structures, and property owners need to ensure they are compliant with the […]
Spain cracks down on 'aggressive tax planning' by foreign property investors
Spain cracks down on ‘aggressive tax planning. “There are more than 5,000 private Spanish properties valued at over £1m owned by foreign investors, most of which are UK residents. The majority of these are set up as international corporate structures as a way of minimising tax or avoiding Spanish income tax for non-residents, as well […]
Understanding tax on your Spanish holiday home
Understanding tax on your Spanish holiday home If you aren’t a resident of Spain, you may struggle to understand the Spanish tax you need to pay on your holiday home. Luckily, this is simple to work out and depends on whether you rent out your property or not. Tax for landlords who lease Making money […]
How does Spain tax corporate income?
How does Spain tax corporate income? Individuals operating their own business or planning a startup in Spain will need awareness of the Spanish tax system in order to succeed. Del Canto Chambers specialise in Spanish and UK tax advice and tax compliance as well as tax inspections. The brief guide below sets out the basics […]
Tax planning for Spain
Tax planning for Spain. It’s always been important to get the right tax planning. Whether you are talking about UK tax, Spanish tax or any other form of international tax around the world, you need it to be the right hands. Tax changes happen all the time and it’s hard to keep up. The implications […]
The Supreme Court condemns the Spanish Tax Office
The Supreme Court condemns the Spanish Tax Office. The Supreme Court of Justice of Castilla y León has admitted the appeal of a taxpayer that had been sanctioned a total of 5.800 euros for having presented Form 720 after the deadline and condemns the Tax Office for costs. The full judgement can be read here. […]
British citizens applying for pensions while living in Spain: before and after Brexit implementation time
Spain remains the most popular destination for British expats retiring overseas. Spain is also hosting the largest group of UK citizens living in the rest of the EU at an estimated 310,000 in 2017. The number of Britons living in Spain over the age of 65 has more than doubled in the past 10 years, […]
What we save by working with full invoice
What we save by working with full invoice. According to VAT law, for a purchase document to be considered a full invoice it has to meet various requirements, some of which are complete tax data of supplier and customer, the invoice number, and a detailed VAT breakdown (see all requirements here). Having said this, it […]
Starting a business in Spain – Freelancer or Limited Company?
One of the questions asked by the entrepreneur residing in Spain is whether she should work as self-employed or should set up a company. Although we could consider for this analysis more types of companies, we chose Limited company (Sociedad limitada – SL) because it is the most common. It is important to clarify that […]
Owning Spanish property via an international company could be a tax time-bomb waiting to explode
International company structures established in decades gone by to help wealthy owners of property in Spain avoid tax are now a ticking time-bomb as the Spanish tax authorities set their sights on them. “International company structures, with some owned by double or triple vehicles involving a Spanish company belonging to a foreign company and, in […]
New Spanish Law for Contractors and Freelancers
As we announced in our last article, the New Spanish Law for contractors and freelancers reforming Self Employed conditions came into force on the 1st of January 2018. These are some of the new measures that bring more clarity and benefit to the freelance worker: 1. VAT Deductible expenses for self-employed people working from home. Contractors […]
Has the Beckham law helped to attract foreign capital?
Since its promulgation, Spain has joined countries that aim to attract residents of great fortune. Has the Beckham law helped to attract foreign capital? There is currently an international struggle on how to attract residents with great international private fortunes. Spain has taken its time in joining these and the legislation is still lacking in […]
The new Law for Self-Employed Workers: Past, Present and Future
PAST: The Federation for self-employed workers (ATA) had long called for an ambitious reform of the self-employed statute for recovering a very punished sector. According to its president, 2 out of 3 had to withdraw from the system as a consequence of the economical crisis. Ambitious or not, You may judge. The expected and urgent […]
Owning Property in Spain is Taxing
It’s just a matter of time that UK expatriates in Spain receive a notification from the Spanish Inland Revenue (Hacienda); claiming unpaid taxes for the last four tax years (tax statute of limitation). By now, after having acquired your Spanish property, we are sure you’ll agree that the Spanish Tax Legislation is rather complex adding […]
The municipal capital gain could be reclaimed to the town halls
The municipal capital gain could be reclaimed to the town halls Numerous courts in all of Spain support the return of the municipal surplus value which current calculation does not consider the real value of property. The municipal capital gain, or Tax on the Increase of the Value of Urban Land (IIVTNU), is a rate […]
Taxation of amounts returned by floor clauses
Taxation of amounts returned by floor clauses Customers who receive their refunds of floor clauses may have to pay for them, depending on the deductions applied at the time. The amounts received for the return of the floor clauses may be taxed, depending on the deductions applied at the time. The system of taxation of […]
Self-employed workers and SMEs, with more margin to defer their debts with the Spanish Tax Agency
Self-employed workers and SMEs, with more margin to defer their debts with the Spanish Tax Agency SMEs and self-employed workers will be able to defer their debts and tax payments such as VAT, income tax or corporate tax after the flexibilization of the deferral system by the Tax Agency. The Ministry of Finance will soften […]
Investment triangle between government, companies and investors in SID 2017
Investment triangle between government, companies and investors in SID 2017 The event “Spain Investors Day” celebrates a new edition in Madrid and brings together foreign investors with the government and executives of the big Spanish firms to capture business. The VII edition of Spain Investors Day (SID) brings together in Madrid over two days more […]
Spear's – BVI vs Mossack Fonseca
2-12-2016 | SPEAR’S Our Managing Partner, León Fernando del Canto, has published an opinion piece in the magazine Spear’s in which he defends the application of the universal jurisdiction principle for tax crimes to make the fight against international tax avoidance more effective.
Del Canto Chambers advises British expats to comply their taxation duties in Spain
Del Canto Chambers advises British expats to comply their taxation duties in Spain Our Managing Partner, León Fernando del Canto, has published a statement in the magazine Silver Surfers in which he advises Brexpats who own a property in Spain to comply their tax duties with the Spanish Tax Agency due to the uncertainty caused […]
The Spanish Tax Agency to give back the charged income tax on maternity leave
Madrid’s High Court contradict the Spanish tax authority’s criteria and it recognizes the refund of income taxes paid on maternity leave. The Community of Madrid’s High Court of Justice (TSJM) has recognized to a taxpayer the income tax’s refund paid when receiving a maternity allowance. This judgment contradicts the Spanish Tax Agency’s on this subject […]
The Spanish Tax Agency prioritizes geographical and wealth criteria in tax inspections
The Spanish tax authority keeps its collection policy and it is focused on HNWI and multinationals, increasing its inspections in areas like Costa del Sol and Madrid The Spanish Tax Agency is increasing its tax inspections both HNWI, especially those non-residents owning properties (generally, second-home residences) and multinationals in our country, following wealth and geographical […]
MALNE revives Cervantine fashion style at Madrid Fashion Week
The firm of haute couture MALNE offered a fashion show at Madrid Fashion Week inspired by Cervantes and the Spanish Golden Age fashion style. The firm of haute couture MALNE offered a fashion show on the catwalk of the 64th edition of the Mercedes-Benz Fashion Week Madrid, better known as Cibeles, where they showed their […]
Spanish economy goes it alone: growing despite the absence of government
The Spanish economy is improving despite the eight months of a caretaker government. Although there is uncertainty about its sustainability, in Del Canto Chambers we are confident in the ability of our country. For this reason, we offer #EmbraceSpain to our international clients. Spain has been ruled by a caretaker government for the last eight […]
The profitability of leading investment funds in Spain almost reaching 30%
Seven of the ten most profitable investment funds in Spain exceed 20 points in cost effectiveness in relation to the amount invested A curious paradox takes place in the market for investment funds in Spain: those leading the performance ranks do not match those which attract the most money to their portfolios. This is due […]
Spanish treasury and foreigners in the Costa del Sol
Our Managing Partner at Del Canto Chambers, León Fernando del Canto, has published at the Spanish economic journal “Cinco Días” an article on Spanish Tax Agency’s inspection activities in the Andalusian “Costa del Sol”, mostly headed against high-purchasing-power foreign residents: Spanish treasury and foreigners in the Costa del Sol “The state coffers are empty. Nothing […]
Cinco Días – inspection activity of the Tax Authorities in Costa del Sol
27-07-2016 | CINCO DÍAS The Finance Newspaper, Cinco Días, published a column by our Managing Partner, Leon Fernando del Canto, on inspection activity of the Tax Authorities in Costa del Sol, Andalucia. The article is directed mainly to foreign residents with high purchasing power: Spanish Tax Authorities and foreigners.
Game of drones: the Spanish Tax Agency uses those devices to reveal a massive tax's fraud
Tax authorities reveal more than one and a half million non-declared properties in Spain. Its impact on immovable property’s tax collection it is a lifeline for councils’ accounts. The Spanish Tax Agency have discovered 1.690.000 non-declared properties for immovable property tax (IBI) in Spain. The investigation has been taken part by the General Directorate of […]
The Spanish Tax Agency investigates technologic multinationals in Spain
The iconic Apple multinational or the giant Google are suffering from fiscal inspections by the Spanish Tax Agency. The Spanish Tax Agency is investigating the Apple giant and its branches in Spain, following the Spanish journal El País, among other big businesses such as Google which had already been visited by the tax inspectors in […]
The stock of houses in Spain finally falls below 500,000 units
The time to buy Spanish real estate and obtain the Spanish Golden Visa is running out. According to the figures from the Spanish Ministry of Development, the stock of new, unsold houses reached a maximum of 650,000 homes in 2009. That is why now that this figure has dropped below 500.000, levelling to the amount […]
Duties of a Company Director of a Spanish Limited Company (Sociedad Limitada – SL)
Duties of a Company Director of a Spanish Limited Company The Sociedad Limitada (SL), the Spanish name for Limited Liability Company (LLC), is the most common form of company in Spain and is similar to a limited company in other countries. Like any form of company, a Sociedad Limitada (SL) is aimed at performing all […]
Taxing lifestyle and Spanish residence
Talking to a colleague in Hong Kong I realised how many people still think that residence in Spain is a taxing lifestyle. This week I was in Seville, Jerez, Sotogrande, Marbella and Malaga and met clients from UK and Malaysia. Looking at their lifestyle and listening to them I am more and more convinced that […]
Spain – Regional Administrative Tax Court Acknowledges the Application of EU Law over Previous Discriminatory National Law
The Madrid Regional Administrative Tax Court (known as “TEAR”) in a decision dated 29 November 2011 (notified on 27 December 2011) acknowledges the application of EU Law over previous discriminatory National Law on the treatment of EU resident pension schemes (in this particular case, a UK pension fund). In this regard, the TEAR specifically refers […]
Tax Inspections are More Frequent and Aggressive
Audits are more frequent and aggressive, and thus more costly to defend or litigate; assessments and penalties have now entered the realm of billions of dollars; and companies face unprecedented scrutiny and reporting of their tax affairs by advocacy groups and the news media, often hurting brand reputation and — in the worst cases — […]
BRIEF SUMMARY ON THE RETURN OF SPANISH WEALTH TAX FOR 2011 AND 2012
In 2008 the Spanish Government chose to ‘eliminate’ wealth tax by applying a 100% exemption, instead of derogating the law. On 17 September 2011 the wealth tax was reintroduced by the Spanish Government as an ‘emergency economic measure’. The 100% exemption was changed to a tax free allowance of 700.000€ for tax years 2011 and […]
Spain grows 8% … In the Football Market
According to Deloitte and as reported by Accountancy Age, despite significant economic headwinds, the European football market grew by 4% to €16.3 billion in 2009/10.
European Commission vs Spain.- Transfer Tax on real estate companies
The European Commission has been very active during the last years regarding Spanish Tax position when a non resident element is involved. Our posting today deals with a matter involving transfer tax and stamp duty in the context of M&A. During the last decades, individuals acquiring Spanish property owned by a Spanish Company (SL) have […]
