Joint Ownership – declaring joint ownership or ending joint ownership in Spain
Bringing joint property ownership to an end and declaring joint ownership This may sound confusing but if you are a joint owner with your spouse, civil partner or with a friend it is important to consider the obligations and tax implications if you sell or inherit half of the property. Equally some married couples or […]
Holiday Home Owners Automatically Debited Taxes & Fines – The Spanish Tax Office is now issuing private bank embargoes for failure to pay non-resident taxes
With Spain’s desire to improve its public accounts deficit, the tax collecting infrastructure has been significantly improved, enabling the tax office to recoup back taxes faster and more efficiently than ever before. This now commonly includes automatic debiting of owed taxes and late payment fines direct from non-resident bank accounts in Spain. As a holiday […]