Less deductions at Spanish Income Tax.
As per Spanish accountants, Arcos & Lamers Asociados, the government in Spain has accomplished what had been discussed in 2012. The tax reduction for investment in a permanent residence for all taxpayers who are fiscal residents in Spain is no longer a fact when acquiring a property after 1st January 2013.
Nevertheless, there is a transitory regime that allows taxpayers in Spain to make the reduction if at 1st January 2013:
they had acquired their usual residence or had paid towards the construction of their property in Spain.
they had paid towards the reforms or extension of the Spanish property.
they had paid fees to carry out work or installations to adjust the property for disabled people.
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