Capital Gain Tax reduced in Spain

By |2022-01-25T19:15:23+00:00July 30th, 2015|New legislation|

Spanish Government has approved the Royal Decree Law 9/2015 of 10 July by which certain tax burdens on the taxpayer are reduced. The official reason for this change is that the current economic situation and the forecasts growth over 3% allow the Government to take with immediate effect measures to alleviate the tax burden imposed [...]

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Taxation changes in Spain for year 2015

By |2022-01-25T19:15:19+00:00January 31st, 2015|New legislation|

In this entry we review the tax innovations and changes for year 2015 in relation to Income Tax, Corporation Tax, Wealth Tax and Inheritance and Gift Tax and how these changes affect both residents and non-residents. PERSONAL INCOME TAX OBLIGATION TO PRESENT THE TAX RETURN There is no obligation if the gross salary income does [...]

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Indexation no longer applicable to the calculation of Capital Gain Tax

By |2022-01-25T19:15:18+00:00November 25th, 2014|New legislation|

The lower house of the Spanish Parliament (Congreso de los Diputados) approved on 20 November 2014 the fiscal reform that will come into force on 1 January 2015 and that it was subject of research in the previous entry of this blog. Finally it was accepted the amendment presented by the Government party group in [...]

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Spanish Government wants to remove indexation from CGT calculation on property sales

By |2022-01-25T19:15:17+00:00October 31st, 2014|Blog|

Spanish Government has already submitted to the Parliament and Senate the draft of the 2015 State Budget Law for discussion and further approval. Among the tax novelties contained in this proposal, there is one that in the event that it is finally approved without changes could seriously increase the tax bill for owners selling their [...]

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New Tax Treaty between Spain and the United Kingdom

By |2022-01-25T19:15:08+00:00May 31st, 2014|New legislation|

On the 15th May 2014 the Spanish Official Gazette published the new Convention signed between Spain and the United Kingdom for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income and on capital which was signed in London on the 14th March 2013 and that will come [...]

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