SOLICITORS IN ALMUÑECAR & LA HERRADURA

For our expatriate clients, we provide the latest information and expert advice on the double taxation agreement between Spain and your country of origin, so that you do not end up paying more tax than you should.

We offer advice and support on all tax-related matters in Spain, including tax returns, form 720, and non-resident tax. We automatically adapt our resources to suit your needs depending on whether you are a fiscal or non-fiscal resident.

The Spanish NIE number is necessary for those that are not yet residents of Spain but would like to carry out certain processes such as creating a Spanish bank account, buying a house, or even registering a company in Spain. The NIE identifies you as a foreigner and allows you to pay non-resident taxes.

It’s important to note that having a Spanish NIE number is not the same as having Spanish residency. The NIE number does not grant you permanent Spanish residency, nor does it mean you can pay taxes as a resident.

Non-EU citizens can obtain the Spanish Golden Visa if they purchase a real estate of 500,000 euros or more within Spain. As part of the Law of Entrepreneurs, this is a way for the Spanish government to encourage property investment within Spain, as the Spanish Golden Visa also grants its holder Spanish residency.

In a tourist area like Almuñécar, non-EU citizens have a fantastic opportunity to invest their money into a Spanish property that can be used for tourist rentals or leasing, as well as to obtain Spanish residency for themselves and their families. This is a promising solution for investors in countries such as the Arab Emirates, China, Russia or the USA.

Inheritance tax, also known as ISD (impuesto de sucesiones y donaciones), is a tax that concerns both residents and non-residents in Spain. This should be paid as soon as the transfer of property, money or asset had been officially documented.

Depending on the area of Spain in which you’re located, the inheritance tax rules will vary. At Tejada Solicitors, we provide a comprehensive guide on inheritance tax that will be specifically adapted to your situation.
If you would like to find out more about common inheritance tax queries, such as its rates for non-residents and how to reduce inheritance tax, visit our page on inheritance tax in Spain.

If you own a property in Spain and rent it out, you will have several tax obligations. Our team at Tejada Solicitors can provide you with all the help and support you need to fulfil your tax obligations, with tailored solutions specific to your circumstances.

Your tax requirements will vary on a variety of factors, including your residency status (fiscal or non-fiscal), your type of rental contract (short-term or long-term) and much more. Depending on your location, you may need to apply for a license to rent out your property for touristic purposes.

You can visit our page on Renting out a property in Spain to read our expert advice on how to manage your rental properties.