The taxes that each owner will have to consider
Probably a frequently asked question by our clients
From a real estate transaction, the payment of taxes is something that must be studied. Not only the taxes that are paid in each sale (VAT, AJD or ITP or a combination of these) but also those that, after the purchase become an annual obligation, or to which every owner is obliged after a sale.
Above all, you should be aware that state, regional and municipal laws apply in Spanish tax regulations.
It should not be compared with the situation in other countries. While there are certain similarities, there are also big differences that make it even more necessary to have good tax advice in Spain. Those differences in relation to the taxes you would pay in your country, focus on the way taxes are taxed, legislated, investigated, claimed and inspected by the Tax Agency.
Keep in mind that you must pay wealth taxes on a regular basis and also on a one-off 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 the most interesting to carry out based on the payment of taxes for each of them.
Therefore, legality and taxation always go hand in hand when it comes to making appropriate decisions in asset management.
