Real Estate Taxation in Spain
How much will you have to pay for the purchase of a property, and once you own it?
Probably the most frequent question we get at the office is this.
And his answer is not easy.
In any real estate transaction the payment of taxes is something very important for our clients.
It is important to plan the disbursement of real estate taxes. At this point a tax advisor familiar with real estate transactions will be able to make a calculation of your taxes even before you make the purchase.
We insist on the importance of planning and ordering the payment of taxes.
Above all, you should bear in mind that Spanish tax regulations apply state, regional and municipal laws.
If you want to know what taxes you will have to pay for the purchase of your home, do not do this:
One of the most frequent mistakes made by 80% of foreign investors in Spain is to make a comparison with their home countries.
Although there are certain similarities, there are also major differences that make good tax advice even more necessary in Spain.
These differences in relation to the taxes you would pay in your country focus on how taxes are levied, legislated, investigated, claimed and inspected by the tax office.
Please note that you must pay estate taxes on a regular basis and also on a one-time basis for specific acts as a buyer, seller, when you receive an inheritance or make a donation.
It is often advisable to first know the tax consequences of each type of operation in order to make a decision on which legal form is most appropriate for the tax payment of each one.
Therefore, legality and taxation always go hand in hand when making appropriate decisions in wealth management.
To keep a proper fiscal control and use the legality in the most favorable way for you, contact us.
