CONTROL ON UNDECLARED RENTALS

The Ministry of Finance is finalising a decree that would force rental housing platforms for tourist use, such as Airbnb, HomeAway, Wimdu or Niumba to identify the owners, as well as to submit periodic reports, with the aim of declaring “In more detail ”...

You should watch out for complementary tax…

Complementary tax is the tax payable on the difference between the amount declared as the purchase price and how much the Spanish Authority values your property at. The issuing of demands for complementary tax seems to be increasing at a rapid rate and it can be quite...

What is “plusvalía”?

When you sell a property in Spain you may have to pay two property taxes: 1. Capital Gains Tax (incremento de patrimonio): is a tax payable on the profit made on the sale of a property. 2. Plusvalía is the tax charged on the increase in the officially assessed value...

Expenses involved in buying a house in Spain

In addition to the cost of the property there will be some extra costs that you should keep in mind for your house-planning budget. We recommend that you consider another 13-15% of the total property price for additional administrative costs and taxes. Basically:...

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