SOLICITORS IN MIJAS

Our tax services ensure that our clients are able to understand the various taxation laws in Spain and avoid any unnecessary risks, such as double taxation. We provide full support for our expatriate clients with the knowledge of any tax regulations between Spain and their country of origin.

This support includes help with non-resident tax, personal income tax, inheritance tax, rental income, Form 720 etc. depending on what is relevant to our clients’ situation.

The NIE is a tax identification number given to any foreign citizens carrying out certain procedures within Spain. From opening a Spanish bank account to purchasing a vehicle or property, the NIE number is used to identify you and your non-resident payments.

Please note that the NIE number does not grant you Spanish residency – you cannot legally reside in Spain or pay your taxes here as a tax resident with the NIE number.

The Golden Visa in Spain is part of an investment programme under the Law of Entrepreneurs, encouraging investment through the purchasing of real estate. This programme is available to non-EU citizens (such as North Americans, Chinese, Russians, etc.), who are eligible if they invest over 500,000 euros into a property in Spain – this can be a house, villa, or apartment.

In return, investors receive Spanish residency and a work permit granted by the Spanish government, as well as the potential for exciting business prospects with opportunities such as leasing and tourist rental.

At Tejada Solicitors, whether you are planning your legacy or claiming a bequest, we offer a comprehensive guide on Spanish inheritance tax.

Impuesto de sucesiones y donaciones (ISD), or, inheritance tax, is a progressive tax that must be paid in accordance with the receiving of your inheritance from a family member or friend, whether it is a sum of money, a property or an asset of any kind. The regulations of this tax vary from region to region in Spain, which can result in substantial differences among cases.

That’s why we offer a guide covering everything you need to know about inheritance tax, from the succession law to tax bonuses and allowances.

It is important for those who rent out their own properties in Spain to understand the tax obligations that come with it. The tax rates will differ for each owner, depending on whether they are a resident or non-resident of Spain.

It is also important to note that there are two ways properties can be rented out, with different regulations. Long-term rental contracts are used for regular use of the property (using it as a home), which come under national law. Short-term rental contracts are usually used for leisure purposes (viviendas de uso turístico), and legislations for these types of contracts vary depending on the region of Spain the property falls under. Some areas require a license to rent short-term (such as Andalucia), where other areas may not.

You can find more information about this matter in our section Renting out property in Spain.