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NO MORE TAX REDUCTION FOR INVESTMENT IN A PERMANENT RESIDENCE IN SPAIN.

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.

economist in marbella

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.

In the last two cases, the refurbishments must be completed before 1st January 2017.

Please do not hesitate to contact our outstanding legal consulting firm that specialises in Spanish taxes and legislation. We are economists, accountants and lawyers in Spain, giving a comprehensive service to national and international clients, to consumers, private companies and to institutional clients.

María Teresa Arcos Morales, Lawyer in Spain Wim Lamers, economist in Spain

Arcos & Lamers Asociados, lawyers in Marbella, Solicitors in Marbella, Accountants in Marbella, Málaga, Costa del Sol, Spain.

Marbella, February 2013

  • Wim Lamers
  • Accountant Costa del Sol, Costa del Sol Accountants, Fiscal advisers Marbella, Lawyer in Spain, Spanish law firm, Tax advisor, Tax law,

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