Business

Decoding Spanish Property Taxes: Navigating Capital Gains, Succession, and SL Company Myths

Non-residents selling property in Spain are subject to a 24% capital gains tax, except for those residing in another European Union, Iceland, or Norway country, where the rate is reduced to 19%. Since 2015, individuals from European Union or European Economic Area countries with tax information exchange agreements with Spain may benefit from a reinvestment exemption. The new habitual residence doesn't...

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Touristic rental license in the Balearic Islands

Many of our clients purchasing second homes in Ibiza express an interest in leasing their properties when not personally occupying them, especially during the lucrative high summer season. To rent out officially, a rental license is necessary, which can be applied for at the town hall. Certain criteria must be met by the villa, as outlined below. Tax on rental income in Ibiza If you are a...

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