(English) Monthly Newsletter - Arcos & Lamers Asociados

Rental income from Real Estates (properties in Spain)

EARNINGS FROM REAL ESTATES AND BUSINESS ACTIVITIES – SPANISH TAX REFORM 2015

Spanish tax advisers in Marbella have the pleasure to set out below an introduction to the Spanish tax system concerning the Income you may generate out of properties located in Spain

Description of Inland Revenue In Spain: Earnings deriving from the lease, or the creation of rights or powers of use or enjoyment, of rustic and urban Spanish property, or of rights “in rem” over these properties, which are owned by the taxpayer and are not used for economic activities by the taxpayer, shall be considered earnings from real estate.

Income derived from the lease of real property is considered earnings from real estate, except if the two following circumstances occur simultaneously:

6 important changes in the Law regarding the Spanish Value Added Tax

Reforms of the laws 26, 27 and 28/2014 VAT:

VAT in Spain. The fiscal advisors of our law firm in Spain, Arcos & Lamers Asociados, your Spanish accountant and lawyer in Marbella under one roof, have the pleasure to inform you about relevant changes in the most complex tax in Spain. The so known, Impuesto Sobre el Valor Añadido, IVA. The below mentioned information is relevant in the event that you wish to set up a company or you already are running a business In Spain.

Regarding the exemptions of article 20, there will be a new version for the cases of non-profit entities. The exemption of notary fees in financial transactions will be eliminated. So these entities will become subject thereto. And in the case of sales of plots where construction is not allowed, these sales will not only be exempt for the promoter but also for any businessman or professional that is not a promoter.

Changes at the Income Tax in Spain 2015

The most relevant issues related to the Spanish Income Tax for Natural Persons.

Changes Income Tax in Spain. The fiscal advisors of our law firm in Marbella have the pleasure to inform you about the most significant changes that are related to the income tax for natural persons that entered into force from the 1st January 2015. This is a summary of the Spanish Reforms of the laws 26, 27 and 28/2014

The exemption on the first 1500 euros received on dividends or partnership assets shall stop to exist, and from now onwards, the special part of the tax shall be encumbered.

Shareholders and Minutes Book in Spain: telemetric legalization

Any company registered at the corresponding Spanish Mercantile Registers must take into account a several books under the applicable legal provisions. Among these books, we focus on the Spanish “Minute Book” and “Shareholder and Partner Book” .

The Spanish law 14/2013 of support for entrepreneurs and internationalization, established mode of carrying out the legalization of binding books by commercial companies. Thus, Article 18 of the mentioned Lay provides that:

- All books that necessarily must be kept by the entrepreneur under the applicable laws, including minute books of boards and other sites of managements, or the shareholders books and registered shares, will be telepathically legalized at the Mercantile Register after its full completion in electronic means and no later than four months from the date of the financial year.

New Arcos & Lamers Asociados brochure

Our history

With an exemplary combination of solid professional backgrounds, María Teresa Arcos and Wim Lamers decided in 2003 to set up the law firm Arcos & Lamers Asociados.

Our law and accountancy firm in Marbella was born out of the idea and intention to create a firm where we could develop our professional capacities with the same honesty and efficiency that has defined our personal lives.

We knew we faced a very important decision in our lives to found this firm, but we knew our professional backgrounds, years of experience, and our ability to adapt to new situations were the ingredients for success. Our corporate objective is to deliver cutting-edge advisory services to individuals, entrepreneurs, companies and institutions.

Therefore, our team continually invests in training that permits us to take on even the most complex cases. When handling a case, we constantly study legislation and case law to analyse all possible situations in order to arrive at the best possible solutions for our clients.

Throughout the process, we are in constant communication with our clients in order to best understand their requirements and needs.

Our firm, Arcos & Lamers Asociados, has grown into a reference for many of our clients who invest their confidence in us thanks to our corporate values of experience, excellence, dedication and teamwork.