SOLICITORS IN FUENGIROLA

At Tejada Solicitors, we want to ensure that our expatriate clients understand everything they need to know about taxation in Spain. We offer advice on the latest international taxation regulations, in order to avoid double taxation.

From Personal Income tax to the Form 720 , we provide our clients with the relevant resource for their needs. We tailor these resources to whether they are legally a Spanish citizen or not.

For foreigners who would like to carry out certain processes such as buying a house, creating a Spanish bank account, or registering a limited company in Spain, the NIE number is necessary for you. This allows you to be identified as a foreigner when carrying out these processes, as well as when paying non-resident taxes.

The NIE number is not the same as Spanish Residency; the former does not permit your permanent residence in Spain, nor paying your taxes as a resident here.

Non-EU citizens have the opportunity to receive Spanish residency through the investment of Spanish property – this is known as the Spanish Golden Visa. It is one of the most popular investment solutions for non-EU investors worldwide, promising great business prospects in tourist areas such as Marbella.

The Golden Visa offers many benefits as well as providing a quick and easy way to receive Spanish residency. Non-EU citizens must invest over 500,000 euros in Spanish real estate (villas, houses or apartments) to be eligible. This programme is an interesting solution for investors from Non-EU countries such as Arab Emirates, Canada, China, the USA, or Russia.

Spanish inheritance tax applies to both residents and non-residents in Spain. Unfortunately, there are many clients who request guidance on inheritance following the death of a loved one in Spain. That’s why we offer a complete guide on Spanish inheritance tax, to cover any queries or doubts you may have.

The Spanish inheritance tax (ISD in Spain) must be paid once inheritance from a loved one has been transferred – this can be money, property or any other asset. The rules on inheritance tax vary in each region of Spain, which is why it is important to receive the information that is relevant to your case.

To find out more about tax allowances, property inheritance for non-residents, and intestate deaths, please use the link to visit our other page: Inheritance tax in Spain.

Any property owner who uses their property as a rental has tax obligations. At Tejada Solicitors, we offer a guide on your tax requirements, as well as necessary steps you may need to take depending on your circumstances.

Tax amounts will vary on factors such as whether you are a fiscal or non-fiscal resident of Spain. You will also need to determine whether your property offers long-term or short-term rental contracts, which will have different requirements. For example, owners of properties for short-term rental in certain regions may be required to obtain a license before renting out for touristic purposes.

To find out more information about renting out a property in Spain, as well as recommended tips for managing rental properties, please visit the following page Renting out property in Spain.