Lending money to a company?
If you are considering loaning money at zero or low interest to a family member to help them get their new business off the ground, be clever and loan the money to them, not...
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Tax deductions for the self-employed in 2018
The self employed have a determined number of expenses that can be deducted from their income as legitimate business expenses. In this article, chartered accountant María Luisa Cervantes, senior partner at Cervates Alarcón Consulting,...
If you’ve recently setup a business, you may be eligible for a personal tax relief….
Rate payers who put money into a new business last year may have the right to deduct up to 20% of the investment off their personal income tax. Check to see if this applies...
Non resident but own a Spanish reg car? Take care and check your tax situation…
If you are non-resident in Spain but have a Spanish registered car, you may be unwittingly registered as a Spanish tax payer – meaning you are liable for changing your foreign licence to a...
Do you have a large family? Become a familia numerosa!
It is easier than you may expect to become a familia numerosa, or large family. And the benefits are worth it. Here’s an overview of who is eligible. Benefits State deductions – The parents...
What taxes do I pay on my UK income (ie pension or dividends) in Spain?
If you have income from the UK and are resident in Spain, you need to declare the money on your annual tax form. By efficiently using the UK and Spanish tax treaty, you may...
Save money by taking your dividend on account
If your balance sheet is healthy, why not take a dividend from next year on this year’s account? It can save you on tax if you haven’t used this year’s tax allowance on dividends…...
Planning on giving your home to your children? There may be a better alternative
Imagine you are planning to move from your current house to a new one, and want to donate your current home to your children. You may be better off selling the house and giving...