At our firm, we specialize in providing clear and precise tax guidance for non-residents or residents who need to understand the tax implications of their financial transactions in Spain. Whether you are selling a property, making a donation, or engaging in any other taxable operation, we ensure that you have a complete understanding of the taxes involved and how they apply to your specific case.

Different Transactions, Different Taxes

Each financial operation is subject to specific taxes, and we help you navigate through them with ease. Below are some of the most common situations:

Taxation on Personal Income for Individuals Moving to Spain

If you move to Spain to live permanently, you will generally become a tax resident in Spain. This means you must declare your worldwide income in your annual Spanish Personal Income Tax return (IRPF). Your income may come from various sources, such as pensions, rental income, investments, employment earnings or any other incomes, whether earned in Spain or abroad.

One crucial aspect to consider when filing your IRPF in Spain is whether there is a Double Taxation Agreement between Spain and the country where your income originates. These agreements are designed to prevent double taxation and determine which country has the primary right to tax specific types of income. Our firm specializes in the interpretation and application of these tax treaties, ensuring that you do not pay more tax than necessary while remaining compliant with Spanish tax regulations.

With the exception of tax havens, Spain has information exchange agreements with most countries. This means that tax authorities share financial data, making it essential for taxpayers to correctly declare all foreign income in their annual IRPF to avoid potential issues with the Spanish Tax Agency.

By working with us, you ensure that your income is taxed fairly and efficiently, in full compliance with Spanish and international tax laws. Our expertise helps you navigate complex tax obligations, minimize unnecessary taxation, and avoid penalties.

Donation Between Non-Residents or Residents
If you are donating a property or other assets to another person, the transaction is subject to the Spanish Gift Tax (Impuesto sobre Sucesiones y Donaciones). The tax rate varies depending on the value of the asset and the relationship between the donor and the recipient. We provide precise calculations to help you understand your tax obligations and optimize the process.

Wealth Tax for Non-Residents
If you own assets in Spain with a significant value, you may be subject to Wealth Tax. This tax applies to individuals whose net assets exceed a certain threshold. We evaluate your assets and provide an accurate tax estimate.

Accurate Calculations and Full Transparency

We understand that tax regulations can be complex, especially for those unfamiliar with the Spanish tax system. That is why we offer precise calculations for each tax obligation, ensuring that you know exactly how much you need to pay. Our goal is to provide clarity so that you can make informed financial decisions with confidence.

Whether you are selling, buying, donating, or inheriting assets in Spain, we guide you through the tax process step by step. With our expertise, you will gain a clear understanding of your tax liabilities and the financial impact of your decisions. Contact us today to receive a tailored consultation and ensure compliance with Spanish tax regulations.