FOREGIN CITIZEN, WITH PERMANENT ADDRESS IN ANDALUCIA.
If you wish to match your situation as partners with those linked by marriage, it is a requirement to be registered as “registered partnership (pareja de hecho)” at “Registro de Parejas de Hecho” in Andalucia.
In this way, you will benefit, among others, on regional Spanish fiscal and tax regulations, specially the Inheritance Tax in Spain.
Ms. María Teresa Arcos, lawyer in Marbella has the pleasure to inform that according to data of the Ministry of Development, the stock of unsold new dwellings in Spain is of 687.523 units, and according to INE, there are 3 million of empty dwellings, being 1.8 units for rent.The objectives pursued by the aforementioned Spanish Draft Law are achieving a revitalization of the rental market in Spain, to strengthen the legal security and improve the regulation of the eviction procedure.
The Draft Law includes the following measurements: Read more »
On more than one occasion, when a client arrives at a Spanish law firm looking for advice on buying a beautiful property in Spain overlooking the sea, the first thought of the professional is to cross fingers and hope that this beautiful apartment or villa complies with the Spanish Coast Law.
Presently, we are on the eve of the approval of the Law of protection and sustainable use of the coast and amending Law 22/1988, of 28 July, on Coasts. The new Spanish law will seek to provide more “legal security” to situations that previous legislation was not able to regulate and sustainable improvement of the coast lines in Spain.
The below mentioned summary on the new Decree 2/2012 of 10 January, which regulates the regimen about the existing buildings and settlements over undeveloped land in the Autonomous Community of Andalusia (entered into force onFebruary 29, 2012), has been issued by the lawyer Mr. Félix Ruiz, Spanish solicitor and proffesional of the Spanish law firm Arcos & Lamers Asociados in Marbella.
This Spanish law approved by the regional Andalucía government does not pursue the so called “urban amnesty” (“amnistía fiscal”) for those buildings that somehow are in a irregular situation within the Andalucía non developed land. But just the opposite. The Decree far from giving sense to this situation, provokes new questions and increases the already chaotic regulatory about the rustic land in Andalucía. Read more »
If you are interested in setting up a new company in Spain, the following information should be taken into account. The professional team of lawyers and Spanish tax advisers of Arcos y Lamers Asociados has the knowledge and experience necessary to provide the legal fiscal, accountancy and labour advice that you may need for your Spanish company in Málaga, Costa del Sol, or any other area of Spain. Read more »
The last month of July, the President of the Spanish Government , Mariano Rajoy, announced that the general rate of VAT will increase (up to now, 18%) three points, up to 21%; the reduced type will increase two points (from 8% to 10%) and the super-reduce type a 4 % will be maintained. Read more »
The Costa del Sol, especially Marbella, is the ideal place to start a business and to enjoy a quiet life. Both residents and non-residents are looking for a place full of comfort where they can enjoy the facilities offered by the Welfare State and have a wholesome life. As Thomas Jefferson says: Happiness is not provided by richness and wealth, but by tranquillity and work.
The dynamic economy of Marbella mainly comes from tourism, which at the Costa del Sol is not seasonal, but constant throughout the entire year, making it one of the most touristic areas of the world. Read more »
Special 3% Tax for non resident companies in Spain.
The Spanish law firm, Arcos & Lamers Asociados would like to line out an amendment on Spanish Tax law with regards to foreign companies that do hold property/ies inSpain.
The entities, not resident and with-out a permanent settlement in Spain, that are owners of a real estate property in Spain, are subject to the Special 3% Tax for non resident companies, which is due on the 31st of December each year, and to be settled during the month of January of the following year. Read more »
According to the Spain Government, Ministry of Public Works, data relating to the housing rental market, there are one million eight hundred thousand homes in rental and 3 million of empty homes in Spain.
For the purpose of promoting the housing rental market, several measurements for the flexibility of the Spanish market, according to preliminary draft Spanish law “Anteproyecto de Ley de Medidas de Flexibilización y Fomento del Mercado de Alquiler de Viviendas” 11th May 2012, have been implemented. Read more »
The professional and efficient lawyers and tax advisers of the Spanish law firm Arcos & Lamers Asociados would like to reproduce the definition of “Vivienda habitual” main home residency, as this Firm has been in many occasions approached concerning enquiries with regards to what indeed the Spanish prime tax residency is.
This concept is described at “El Texto Refundido del IRPF” Spanish Income Tax Law. This definition is a relevant issue for other Income Tax purposes. For instance the deduction of re-investment of sale price into another main prime home, that could reduce to the max any Spanish Capital Gain Tax. Read more »
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