The Importance of Having the Right Lawyer Article supplied by Welex Lawyers & Accountants Day-to-day economic activity in Spain is not immune from suffering setbacks, delays, and, in many cases, breaches in orders or contracts agreed between parties to provide a service or goods. What was expected to be normal service, or purchase/sale, without any…
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PROPERTY CONVEYANCING IN SPAIN
Article supplied by Welex Lawyers & Accountants The first step in property conveyancing in Spain is finding a property. It is imperative to get to know the area before you choose a property. You should visit a number of different locations in order to make an educated decision. Additional research into similar properties in various…
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DRAFTING A WILL IN SPAIN
Alleviate Future Headaches for Your Relatives and Heirs Article supplied by Welex Lawyers & Accountants If you are a resident of a country within the European Union and have properties in Spain, it may be in your best interest to grant a will signed by a notary in Spain. Although it is not compulsory, it…
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Case Study of a Divorce in Spain
Article supplied by Welex Lawyers & Accountants The first issue to be addressed when it comes to family law in Spain is one related to jurisdiction. The Spanish state requires a link with those wanting a divorce to be aware of the said divorce. In other words, if your last address or place of last…
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STOCK MARKET-THEMED LAUNCH PARTY FOR NEW BINCKBANK SERVICE
One of Europe’s largest banks for investors with over 13 years of experience in Spain, BinckBank has partnered with Saxo Bank to launch a new service for English-speaking investors. At the launch party, 150 guests enjoyed a gourmet stock market-themed tasting menu, with tempting treats from the London, Amsterdam, Copenhagen and Milan Stock Exchanges, and…
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The Beckham Law – Article supplied by Welex Lawyers & Accountants
Royal Decree 687/2005 is more commonly known as the “Beckham Law”. British footballer David Beckham was one of the first to benefit from this special regime, taxed as a non-resident when he was employed by Real Madrid in Spain. However, “natural persons” who become tax residents as a result of their stay in Spain may…
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ASSIGNMENT OF PRIVATE PURCHASE CONTRACT FOR DWELLINGS UNDER CONSTRUCTION
Spanish Taxation Article supplied by Welex Lawyers & Accountants Did you buy a property in Spain that is under construction, and are you willing to sell your purchase option to a third party? Are you willing to purchase an already existing option to purchase a property that is under construction in Spain? This issue we…
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Spanish Capital Gains Tax ON THE SALE OF A PROPERTY IN SPAIN
Article supplied by Welex Lawyers & Accountants When you sell a property in Spain, you must take into account that the profit you obtain is subject to tax. This is the Spanish capital gains tax, which is also known as “ganancias patrimoniales”. The current applicable rate of the Spanish capital gains tax is 19 per cent for non-tax residents in…
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Non-Resident Income Tax in Spain
Article supplied by Welex Lawyers & Accountants Spain’s non-resident income tax (IRNR) is a direct tax levied on income obtained in Spanish territory by individuals and entities that are not residents of Spain. If you are not a resident of Spain and you own a property in the country, you will be subject to the…
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IBI and Cadastral Values in Spain
Article supplied by Welex Lawyers & Accountants Closely related to the real estate tax, cadastral values are administrative values that have been determined for each property located in the Spanish territory. Cadastral values are determined based on the following variables: 1. The location of the real estate property, the urban qualification. 2. The taxes levied…
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Using a Digital Certificate in Spain – Article supplied by Welex Lawyers & Accountants
A digital certificate is needed to identify yourself on the internet and to conduct any kind of formal transaction or business. By using the digital certificate, your personal data is protected each time you want to make an online transaction. The digital certificate is available for both natural persons and legal entities. To obtain a…
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Spanish Tax on Income for Non-Tax Residents in Spain – Article supplied by Welex Lawyers & Accountants
November, 2017 How do you fulfil your income tax obligation in Spain in the event that you are a non-tax resident? Following you will find some aspects to consider when filing Spanish tax declaration form number 210. The so-called Tax on Non-Resident Income (IRNR) concerns individuals and legal entities who do not have a fiscal residence in…
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Inheritance Tax Reductions IN ANDALUCÍA
Andalucian legislation on inheritance procedures includes an interesting change this year in applying the autonomic reduction for a spouse and direct relatives, with heirs paying no tax if the amount is no more than €250,000. Under the new legislation, which came into force on 1 January 2017, the full reduction is applicable provided they meet…
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Retention and With Holdings When Selling Property in Spain
Everything you need to know about retentions or withholdings for selling properties in Spain by Welex Lawyers & Accountants in Property in Spain, Tax in Spain – August 2017 Welex: your conveyancing lawyers in Marbella. At some point, you might need to know more about the retentions that are carried out for the conveyance of properties in Spain by non-residents. In…
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Rental Law In Spain
Welex lawyer in Marbella can advise you on all you need to know to understand the rental law in Spain by Welex Lawyers & Accountants in Property in Spain, August 2017 Welex: your motivated English-speaking lawyers in Marbella! The Urban Rental Law, modified by the Law 4/2013 of June 4th, regulates the rental market in Spain in order to…
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How To Register a Trademark in Spain
Leading law firm in Marbella informing about the key points of registering your trademark in Spain by Welex Lawyers & Accountants in Others, Spanish Accountancy August 2017 Welex: your motivated law firm in Marbella! If you want to register your trademark in Spain, we will show you the key points to do so and the steps you need to…
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Cancelling A Mortgage In Spain
How to formally cancel a mortgage on a property in Spain by Welex Lawyers & Accountants in Property in Spain August 2017 If you find yourself in the long awaited moment of having finally settled the mortgage debt on your Spanish property with the bank, you need to know what steps to take once the mortgage loan has been…
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Rights For Community Property Owners In Spain
Questions and answers about the community of owners in Spain by Welex Lawyers & Accountants in Others, Property in Spain August 2017 Below, we set out a series of the most frequent questions (and their answers) related to horizontal property matters. What kind of work can I carry out on my property in Spain? Although an owner has…
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Obtaining a Spanish NIE Number
Easily obtain your Spanish NIE number by Welex Lawyers & Accountants in Others, Property in Spain, Tax in Spain August 2017 Law firm in Marbella What exactly is an NIE number, and what do you need it for? There are many questions related to this matter, and we aim to resolve all of them in this post. Should you still…
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