Our Blog: Taxes

Capital gains tax in Spain
Monday, May 18, 2015
Capital gains tax is a tax applied in most countries. If you sell your property then a proportion of the profit you’ve made should be paid to the government as tax. In Spain, capital gains tax is...
Taxes
720 asset declaration form
Thursday, January 8, 2015
It’s two years ago that foreigners living in Spain were first introduced to the 720 asset declaration form. In case you are blissfully unaware, the 720 is a form on which foreigners living in Spain...
Taxes
New Spanish tax law
Thursday, December 18, 2014
The new tax legislation in Spain has been debated for a while. Originally proposed in June 2014 it has now been passed and will come into force from the income year 2015. The new law brings with it...
Taxes
Money laundering in Spain
Saturday, November 29, 2014
You’ve probably heard of ‘money laundering’ but not thought you would personally be affected. However, concerns about money laundering activity in Spain means that people are suddenly finding it...
Taxes
Changes to capital gains tax
Monday, September 29, 2014
It's perhaps a symptom of government austerity that taxation is a particular target for change. It is one of the best means of increasing revenue but must also be handled carefully if your electorate...
Taxes
Proposals for capital gains tax in the UK
Monday, September 15, 2014
It might come as a surprise to know that in the UK, until now, capital gains tax (CGT) wasn’t payable by non-residents when selling property there. This is perhaps one reason why house prices in...
Taxes
Will you benefit from the tax reform?
Wednesday, June 25, 2014
A draft Spanish tax reform law was approved on the 20th June. The new reforms were proposed by the finance minister Cristobal Montoro at a meeting of the Council of Ministers and are intended to be...
Taxes
Drugs and prostitution and other tax reforms in Spain
Wednesday, June 18, 2014
The debate over whether prostitution and soft drug use in Spain should be legalised has continued for centuries. Who would have thought it would be the taxman who would start to get involved. It is...
Taxes
What is the valor catastral in Spain
Wednesday, April 30, 2014
The valor catastral is the rateable value of a property in Spain and is used to caculate property taxes. In some cases if there is no valor catastral, the purchase price of the property is used for...
Taxes
Tax, tea and travel - in Fortuna
Wednesday, April 2, 2014
During March we welcomed people into our offices to answer their questions about tax and legal matters. However, we know that not everyone can make it to Torrevieja or Alicante. That’s why we’ve been...
Taxes
Spain Explained by Ábaco Advisers

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