+44 (0) 207 887 6160   
Home Project Management New Developments Existing Developments Land & Hotel Investment News Services
   
 
  Overview
  Finance
  Tax & Legal
  10 Good Reasons to Buy
 
  Spain Tax & Legal  
 

Tax

 

The Spanish tax system comprises of three kinds of taxes;

  • “impuesto” (true taxes)
  • “tasas” (dues and fees)
  • “contribuciones especiales” (special levies).

Tasas and contribuciones especiales are collected in return for a public service provided by the authorities or for any type of benefit as a result of public works or services. 

 

In Spain, taxes are levied by the central government, autonomous communities (regional) or by the local authority. Most taxes in Spain are self assessed meaning the individual is responsible to report and calculate any tax due. The tax year in Spain is the same as the calendar year (1st January to 31st December).

 

Your residence card will have a fiscal number which you must quote when opening a bank account paying Spanish taxes. All residents of Spain must have a NIE number.

 

As taxation varies from resident to investor Elite International Real Estate recommends you contact us to be refered to a reputable Spanish taxation expert. 

 

Legal

 

Legal steps to buying property can be summarised as below.

We are using existing property as the example, buying off plan is simpler

 

1. Nota simple informative

2. the pre-agreement

3. the closing

4. payment of taxes

5. the registry

 

Surprisingly, the legal aspect of buying in Spain is very straight forward. 

 

 

 

 
 
 
 
 
 

Copyright © 2009 Elite Intl. All rights reserved

Company No: 5817682

VAT No: 882 6984 61