News Archive: tax

21, 2012 March:

Tax hike on Mallorca and Ibiza property deals

Property sales in Mallorca and Ibiza are to be taxed in price bands from 01 April with high value fincas, villas and mansions involved in private sales having a record 10% ITP (Impuesto de Transmisión del Patrimonio) tax charged to the buyer.

10, 2012 January:

Agents say Spain's zero growth is good for investors

Spain's property market will not grow in 2012, the Fitch ratings agency has predicted. The country's GDP growth is forecast at zero per cent, with Fitch adding that any growth will be limited to the long term, but agents are confident that the country's continuing debt crisis remains good news for investors.

16, 2011 December:

Have yourself a very Spanish Christmas

One thing is guaranteed if you spend Christmas in Spain - it is going to be considerably cheaper for Mum and Dad than it would be in the UK.

16, 2011 September:

Spanish government to reinstate wealth tax

At a meeting of the Council of Ministers this Friday, 16th September, the Spanish Government plan to reintroduce the Wealth Tax, which was abandoned in 2008.

26, 2011 July:

Brit expats to benefit from new tax reforms

New UK treasury reforms could see retirees who live and own property abroad able to spend up to a third of their time back home each year without paying any tax.

26, 2011 April:

“Super-reduced” VAT rate planned for Spanish tourism sector

The Spanish People's Party (PP) is to promote a “super reduced” VAT rate (IVA in Spanish) for the tourism sector, which is expected to benefit such services as accommodation, catering and public transport and aim to bring them in line with their European competitors.

10, 2011 January:

Spanish property prices to fall again

Tax changes will see a further decline in property prices in Spain, according to the country's Central Bank.

14, 2010 July:

One month to go!

Spain is on cloud nine after winning two of the biggest sporting gongs in the world, but back on planet earth there is a rather more pressing matter for them to deal with - at least for the Brits who sold a property in Spain between 1997 and 2006 - who have just one month left to begin claiming back capital gains tax charged illegally on the sale of their home...

19, 2010 May:

Act now to claim Spanish tax rebate

Expats who paid out too much tax on their Spanish property sale may be entitled to a rebate amounting to thousands of euros, according to leading foreign exchange firm Currencies Direct...

15, 2010 March:

Expats hail Spanish tax breaks

Special Spanish tax breaks mean that it's not just the football stars such as Ronaldo and Kaká who pay far less taxes. All foreigners who work for Spanish companies can also apply.

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