On 17 June 2019 the new Mortgage Law entered into force in order to adapt, with years of delay, our legislation to the EU directives approved back in 2014. This European regulation sought to harmonize the legislation of the member countries with the objective of providing security for banks but mainly for their clients when [...]
The Government approved on 1st March 2019 the Royal Decree-Law 7/2019 on urgent measures for housing and rentals that modified the Urban Leasing Law (LAU). The idea behind this modification is to increase the protection and security of the tenants, even above the levels they enjoyed before the changes introduced in the 2013 reform that [...]
There are good news for property owners in Andalusia with the approval of the first tax measure of the new Andalusian Government (coalition of the conservative party and the liberals): the exemption of 99% in the final tax bill of the Inheritance and Donations (Gift) Tax, which is included in the Decree Law 1/2019 published [...]
The Spanish Government has recently approved the Royal Decree-Law 5/2019 of 1 March, which adopts contingency measures for a possible Hard Brexit without agreement between the United Kingdom and the EU. Article 2 of the Decree gives it a temporary character as well as conditions the validity of these temporary measures to the existence of [...]
What do I need to do to rent my house to tourists? Is it now forbidden to rent properties in Andalusia for holiday periods? Do I need to register my property with the Andalusian Tourism Council to be able to rent? Following press publications about the new laws ruling the tourist homes and accommodation in [...]
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 [...]
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 [...]
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 [...]
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 [...]
EU rules against Spain on discriminatory Inheritance tax applicable to non-residents We have good news for all foreigners with properties in Spain as their future heirs will surely pay less tax and we have excellent news for non residents who inherited and paid tax in Spain over the last 4 years as they probably [...]
The regional Government of Andalucía and the Government of Spain have come into direct collision with respect to the adoption of a series of legal bodies in the autonomous region that regulate the social objective that housing should have. Thus, the Junta de Andalucía shall be empowered, for example, to fine companies that own empty [...]
A few months ago we published an entry in the blog about the Spanish Law of Cookies and how to comply with it under the title Does your website comply with the Spanish cookie law? and we left some answers pending of the final outcome on the first disciplinary proceedings in this regard in Spain [...]
On the 26th December 2013 was published in the Official Gazette the State Budget Law for 2014 and like every year, again amending certain taxes, particularly the tax rates or ratios related thereto. Let’s see what are the changes this year: * The pensions paid by the Social Security system, are revalued in 2014, in [...]
Under existing law, penalties for noncompliance can reach up to 30,000 Euros for the lesser level of sanctions, so it seems crucial to be able to give an affirmative answer to this question. Recently, on the occasion of the publication of our website, we have found ourselves in the need to verify that we comply [...]
The called Act for Entrepreneurs is already in effect. It was approved by the Spanish Parliament and published in the Official Gazette. This law has been prepared to encourage and facilitate the creation and growth of companies and their international development as a necessary engine for the economic recovery of the country. The law has [...]
Welcome to the blog of Vicente & Otaolaurruchi Lawyers. This is the first release of our newly created blog. Our intention is to provide an open and easy-access channel to keep our present and future clients and collaborators periodically informed about new legislation and some other interesting topics and news, related to the investment of [...]
