Buying property in Mallorca? 6 tax issues to be aware of
Changes over the years have diluted the tax advantages of owning Spanish property through a company – it may even be a disadvantage.
Number of German residents in Mallorca on the increase
Tax rules introduced in 2012 led to an exodus of German citizens registered in the Balearics.
The tax law in Spain explained
If you are considered a tax resident Spain, you will be subject to a "Personal Obligation", and, consequently, you will have to pay tax on all the income you generate both in Spain and in the rest of the world, which may increase your tax bill, depending on the case.
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Non-resident property tax obligations in Spain: Do you know about your tax liabilities as a non-resident property owner?
Approved and recognised as collaborators of the Agencia Tributaria, we cater to various non-resident tax requirements
Modelo 720 March deadline
With joint assets, each owner needs to declare the full value (even if your share is less than €50,000) and indicate your percentage of ownership.
Spain plans temporary tax on big fortunes for two years
Spain is already embroiled in a debate over whether to lower or raise taxes.
Spain to impose temporary taxes on banks, power companies, PM says
Green light to a major real state development plan
Filing your taxes in Spain
Filing your taxes in Spain.
- Ryanair changes its hand luggage and check-in rules
- Open letter: Please do not come on holiday to Mallorca
- Tourist replies to our open letter calling on holidaymakers to stay at home
- EU sues Spain for discriminatory tax treatment of non-residents
- "We must be very careful with the things we say"; Mallorca transport operators' concern about messages to tourists