SOLICITORS IN NERJA

We inform our clients on International Taxation between Spain and their origin country, giving advice on ways they can avoid double taxation and receive deductions.

We also provide full support regarding all relevant aspects of taxation in Spain, including Personal Income tax, Inheritance tax, and important documents such as form 720, dependent on whether our client is a Spanish citizen or not.

The NIE number is used as a form of identification for foreign citizens carrying out certain procedures in Spain. This number is required for processes such as the purchasing of a property or vehicle, or setting up a bank account.

This is different from a Spanish Residency which grants you legal residency, paying your taxes in Spain. The NIE is assigned by the Spanish Foreign Office so that you are identified as a foreigner during these processes as well as during non-resident tax payments.

With the purchasing of real estate of 500,000 euros or more, non-EU citizens are eligible for the Spanish Golden Visa, granting them residency in Spain by the Spanish government. The Spanish Golden Visa is part of the Law of Entrepreneurs, encouraging investment in Spain.

Non-EU citizens have the opportunity to invest in popular, in-demand areas such as Malaga or Nerja, which promises business opportunities such as tourist rental and leasing of their property(s), in return for Spanish residency for themselves and their families. This programme is an interesting solution for investors from Non-EU countries such as Arab Emirates, Canada, China, the USA, or Russia.

Inheritance tax in Spain applies to everyone, regardless of whether you are a resident or non-resident. Tax becomes payable as soon as there is documentation to prove the transfer of inheritance (this can be money, property or any other asset) from a family member or a friend. Inheritance tax is commonly referred to in Spain as impuesto de sucesiones y donaciones – ISD.

Our guide to inheritance tax covers everything you need to know, from laws of succession, necessary documentation, to inheritance tax allowances. As inheritance tax rules can differ substantially from region to region, we offer the relevant information for our clients who are wanting to set up a life in Spain.

It is common knowledge that long-term rental contracts are used for regular, permanent residence, which falls under national law. However, it is also important to know that some short-term rental contract (usually for touristic uses) may come under some legislations depending on where the property is located.

Depending on the location area (e.g. Andalucia), some national legislations require that those who rent out their properties under short-term rental contracts must apply for a touristic license.

It is also necessary for both residents and non-residents of Spain who rent out their properties to pay taxes. The tax amount will vary depending on whether you are a resident or non-resident of Spain, as well as other aspects. You can find more information about this matter in our section Renting out property in Spain.