Do You Understand Your Tax Obligations as a Non-Resident Owning Property in Spain?
Long-Term Rentals, Non-Residents, Property Purchase, Residents, Short-Term Rentals, Spanish Banking, Spanish Taxes
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Owning property in Spain is a popular investment and lifestyle choice for many non-residents. However, with property ownership comes certain tax obligations that must be understood and managed to remain compliant with Spanish law. Two key taxes that non-residents should be aware of are the IBI tax and the non-resident…
Is Mazarrón’s Property Market Set for Growth After Recent Changes and Demographic Shifts?
Over the past decade, the property market in Mazarrón, Murcia, has experienced remarkable shifts, shaped by economic upheavals, geopolitical changes, and evolving demographic trends. For prospective buyers and sellers—particularly from the UK and other EU countries—understanding these dynamics is key to making informed decisions in this vibrant coastal region. Historical…
What Are the Top 5 Challenges Faced by First-Time Expat Buyers of Property in Spain?
This blog explores the key challenges that first-time expat buyers encounter when purchasing property in Spain and offers insights to help navigate the process smoothly. 1. Legal and Administrative Confusion Understanding Spanish property laws, residency requirements, and bureaucratic procedures can be complex. Failing to navigate permits, taxes, and legal documentation…
Updated Guidance for Non-EU Non-Residents Renting Property in Spain
At Xerxes Tax and Law, our goal is to keep you informed about the latest developments affecting non-residents owning or renting property in Spain. Recent changes in Spanish tax regulations have introduced new rules for non-EU non-residents, impacting how they can deduct expenses related to rental properties. Who is a…
The Pros and Cons of Being an Autónomo in Spain
At Xerxes Tax and Law, we pride ourselves on providing clear, expert guidance on all matters related to Spanish taxation and legal obligations. If you’re considering working as an Autónomo in Spain, it’s essential to understand both the benefits and the challenges involved. What is an Autónomo? An Autónomo is…
Why Long-Term Rental Contracts Are Essential for Landlords in Spain: Protecting Your Investment and Ensuring Stability
In the dynamic Spanish rental market, securing long-term rental contracts is more than just a formal agreement — it’s a vital strategy for landlords seeking stability and peace of mind. With changing regulations, fluctuating demand, and the challenges of managing tenants, having a solid, well-structured long-term contract can safeguard your…
Understanding IBI Charges in Spain
An IBI charge, or Impuesto sobre Bienes Inmuebles, is a property tax in Spain. It is an annual tax that property owners pay to local municipalities, based on the cadastral value of their property. The money collected from IBI helps fund local services such as waste collection, road repairs, and…
Xerxes Tax and Law: Important Update for Non-EU Property Owners in Spain
At Xerxes Tax and Law, we aim to keep our clients informed about relevant changes in Spanish tax regulations that may affect property owners. A recent development is particularly beneficial for non-EU residents who own property in Spain. New Tax Benefits for Non-EU Property Owners Effective immediately, non-EU property owners…
Why Spanish Wills Matter: Understanding Your Options and the Consequences of Inaction
As a foreign national with assets in Spain, having a will is crucial to ensure that your assets are distributed according to your wishes and in compliance with Spanish law. Without a valid will, your estate may be subject to the local intestacy rules, which might not align with your…
Wednesday Wanderings – Visitor Guide to Lorca Castle, Murcia
Overview Lorca Castle, also known as Castillo de Lorca, is a stunning medieval fortress perched atop the hill of La Torre. It offers visitors a glimpse into Murcia’s rich history, featuring well-preserved walls, towers, and stunning panoramic views of the surrounding landscape. The castle has played a crucial role throughout…
Spain’s Short-Term Rental Registry: A Turbulent Start.
At Xeres Tax and Law, we’re keeping a close eye on Spain’s new short-term rental regulations. Launched on July 1, 2023, the registry aims to bring transparency, but its chaotic rollout has raised many questions. Want to understand what this means for your rental business? Read our latest blog for…
Understanding the Recent Changes to Bank Charges for Non-Resident Accounts
In recent months, banks have announced updates to their fee structures for non-resident accounts, prompting many account holders and prospective clients to review their banking arrangements. These changes reflect the broader industry trends and regulatory adjustments aimed at increasing transparency and aligning services with market standards. What Are the Key…
Inzicht in de recente wijzigingen in bankkosten voor niet-residentenrekeningen
In de afgelopen maanden hebben banken aangekondigd dat ze hun tariefstructuren voor niet-residentenrekeningen aanpassen, wat veel rekeninghouders en potentiële klanten heeft doen nadenken over hun bancaire regelingen. Deze veranderingen weerspiegelen bredere trends in de sector en regelgevende aanpassingen die gericht zijn op meer transparantie en het afstemmen van diensten op…
Solar Panel Installations: Protect Your Tax Benefits with the Correct Documentation
Solar Panel Installations: Protect Your Tax Benefits with Proper Documentation Installing solar panels can be an excellent way to reduce your energy bills and enjoy tax benefits. However, it’s crucial to approach offers from solar companies with mindfulness, especially when they impact discounts on your income tax or IBI bills.…
De Cruciale Rol van Contractbeoordelingen bij HuisAankopen in Spanje – Inzichten van Xerxes Tax and Law
Het kopen van een woning in Spanje is een belangrijke investering die zorgvuldige voorbereiding en grondige due diligence vereist. Hoewel het inschakelen van een makelaar het proces kan vereenvoudigen, is het essentieel te erkennen dat een juridisch bindend contract een formeel document is dat deskundige controle verdient. Bij Xerxes Tax…
Owning in Spain from Afar? What Non-Residents Must Know About Tax Obligations on Property Ownership
Owning property in Spain as a non-resident can be an attractive investment or a desirable holiday home. However, it comes with specific legal and tax responsibilities that owners must understand to remain compliant with Spanish regulations. This blog provides an overview of non-resident property ownership in Spain, focusing on the…
From Sangria to Signatures: How to Turn Your Spanish Holiday Into a Dream Home Without the Drama
!Hola, travel enthusiasts and future homeowners! ?? So, you’ve packed your bags, soaked up the vibrant energy of Spain’s sun-drenched streets, and now you’re dreaming of turning that holiday fling into a permanent love affair — with a cozy Spanish home of your own. Sounds amazing, right? Well, hold onto your…
The Critical Role of Contract Reviews on House Purchases in Spain
Purchasing property in Spain is a significant investment that demands careful preparation and thorough due diligence. While engaging with a real estate agent can streamline the process, it is essential to recognise that a legally binding contract is a formal document that warrants expert scrutiny. At Xerxes Tax and Law,…
Navigeren door de nieuwe huurregels in Spanje: Hoe de NRA het spel verandert voor kortetermijnverhuur
Bij Xerxes Tax and Law begrijpen we dat de recente veranderingen in het landschap van kortetermijnverhuur in Spanje complex en ontmoedigend kunnen zijn. Als ze verkeerd worden uitgevoerd, kunnen ze van invloed zijn op uw potentiële inkomsten uit uw woning. Daarom zetten we ons in om u te begeleiden bij de nieuwste…
Navigating Spain’s New Rental Rules: How the NRA Changes the Game for Short-Term Rentals
At Xerxes Tax and Law , we understand that the recent changes in navigating the landscape of short-term rentals in Spain can be complex and daunting and if done incorrectly, can impact your potential income from your property. That’s why we are committed to guiding you through the latest regulatory changes, including the…
Why Digital Signatures Are a Game-Changer in Spain!
Did you know that digital signatures can save you time, money, and a whole lot of stress when it comes to dealing with administrative tasks? Here’s why you should start using them: Time is Money: Say goodbye to long queues and endless paperwork! With a digital signature, you can sign documents instantly…