Etiqueta 'spanish taxes'
The Modelo 720 declaration seen on the computer

Paperwork

Do you need to submit a Modelo 720 this year?

Assets are valued using the wealth tax rules as at 31st December each year. For bank accounts you also need to declare the average balance over the last three months of the year.

Cathal Rochford, Partner Blevins Franks19/03/2024 12:19

In Spain, capital gains tax is not applicable when you sell your primary residence

Paperwork

Capital gains tax in Spain – part 2

Residents of Spain aged 65 and above are exempt from capital gains tax on property if it has served as your primary residence for over three years, even if you do not reinvest the proceeds.

Cathal Rochford, Partner Blevins Franks21/02/2024 14:12

In Spain, income is categorised into two classifications

Paperwork

Capital gains tax in Spain

When relocating to Spain or acquiring property here, you should familiarise yourself with the Spanish tax framework and proactively devise strategies to mitigate your tax obligations.

Cathal Rochford, Partner Blevins Franks05/02/2024 15:42

Pensions are usually key to financial security through retirement

Paperwork

Resolve to review your financial planning for 2024

If you do not already have a financial plan in place for Spain, take a fresh look at your savings and investments.

Cathal Rochford, Partner Blevins Franks08/01/2024 14:49

Pensioners sitting on a bench

Paperwork

Is 2024 the year you consider downsizing your property?

With today’s increased life expectancy, you may need your existing wealth to stretch long into retirement.

Cathal Rochford, Partner Blevins Franks26/12/2023 14:12

Pensioners sitting on a bench

Pensioners sitting on a bench

Pensioners sitting on a bench.

J.H. 26/12/2023

Reduction of VAT for essential items such as fruit and vegetables.

Reduction of VAT for essential items such as fruit and vegetables.

Reduction of VAT for essential items such as fruit and vegetables, pasta and cooking oils.

BORJA SUAREZ 26/12/2023

Inheritance and gift tax

Inheritance and gift tax

The amendment of the legislation completely eliminates inheritance and gift tax for inheritances between parents and children, grandparents and grandchildren and spouses.

FREEPIK 06/12/2023

Inheritance and gift tax

Paperwork

Spanish succession tax in the Balearics

SSGT applies to inheritances and lifetime gifts. It is due when the beneficiary is resident in Spain, or the asset being gifted or inherited is a Spanish asset.

Cathal Rochford, Partner Blevins Franks06/12/2023 10:06

Retirement in Spain

Living

Planning your retirement in Spain

Mallorca remains a popular destination for British retirees and there are so many benefits to living here

Cathal Rochford, Partner Blevins Franks02/10/2023 12:52

Financial advisor in Spain

Paperwork

The first step on your financial journey in Spain – choosing your adviser

Your UK adviser is unlikely to know the ins and out of local regulations in the Balearics (which vary from elsewhere in Spain) or keep on top of reforms.

Cathal Rochford, Partner Blevins Franks18/09/2023 12:30

UK inheritance tax

Paperwork

More families than ever caught in UK inheritance tax net

UK inheritance tax follows you to Spain since your estate is liable for as long as you remain a UK domicile.

Cathal Rochford, Partner Blevins Franks07/08/2023 10:04

Harry and Meghan

Comment

Harry and Meghan Meltdown

Rebranding the Sussexes would not be easy because, frankly, what do they have to offer?

Anna Nicholas30/06/2023 10:02

Pensioners walking by the port

Pensioners walking by the port

Pensioners walking by the port.

GEMMA ANDREU 22/06/2023

Pensioners walking by the port

Paperwork

Strategic financial planning for Spain

Every family is different. Your strategic financial planning must be carefully designed for you.

Cathal Rochford, Partner Blevins Franks22/06/2023 14:24

A pensioner strolling along the beach

Paperwork

Looking after your financial wellbeing

Your portfolio needs to be designed around your circumstances, needs, objectives and risk profile – too many people have investments that aren’t suitable and too risky for them.

Cathal Rochford, Partner Blevins Franks26/05/2023 13:09

Spanish solidarity tax

Paperwork

What is Spain’s solidarity tax?

It applies for 2022 and 2023.

Cathal Rochford, Partner Blevins Franks28/04/2023 15:28

In Spain, capital gains tax is not applicable when you sell your primary residence

In Spain, capital gains tax is not applicable when you sell your primary residence

In Spain, capital gains tax is not applicable when you sell your primary residence.

Alberto Ortega / Europa Press 27/10/2021

The Modelo 720 declaration seen on the computer

The Modelo 720 declaration seen on the computer

The Modelo 720 declaration is filled out on the computer and submitted digitally to the tax office.

cze 20/02/2017