Andalusia temporarily lowers transfer tax and stamp duty
In this blog of Mercury Abogados in Marbella we are going to analyze the temporary reduction of the transfer tax (ITP) and stamp duty (AJD) in Andalusia for the acquisitions of real estate between April 27, 2021 and December 31, 2021.
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Taxes in Marbella
Our law firm specializes in executing the obligation of taxes to the best of our ability, that meaning, the law will observe and deduct from all angles, regarding your tax case, the best step forward and best move towards motion, progressively.
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Property Tax or I.B.I.
The Real Estate Tax or “I.B.I. TAX” in Spanish, (This tax is similar to the Council Tax in England) is regulated in Articles 60 to 77 of the Spanish Law Regulating Local Finance and in the Tax Ordinance approved by Council.
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Obligation to autoliquidate/submit for the overcome loss of tax benefits: Complementary Settlement
When there is a breach of the requirements demanded in the regulation of the benefits, it determines the obligation to pay the part of the tax that would have ceased to be paid as a result of the application of the tax benefit, by presenting a complementary settlement.
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Wealth Tax in Spain
Wealth Tax in Spain is regulated by the Spanish Law 19/1991, of 6 June, on Wealth Tax. This is a direct and personal tax on the net worth of individuals under the terms of this Law.
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GOLDEN VISA for Real Estate Investors
In this blog we will analyce the requirements that must be met to obtain the “Golden Visa” in Spain through real estate investments, as well as the terms of validity of this.
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Transfer Tax and Stamp Duty in Andalusia (Part IV)
As a general rule, in company operations the tax rate to be applied is 1%, but there are several exceptions. In some operations the tax rate will be zero, but a tax submission must still be made.
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Deemed income tax for individuals not resident in spain
If you are a non-resident in Spain and you own an urban property located in this country, you will be subject to non-resident income tax.
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Municipal Gain Tax
We must mention that colloquially it is called Municipal Capital Gains (Plusvalia Municipal), however, its correct name is «Tax on the increase in value of urban land. This is the reason why colloquial terminology is so popular.
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Transfer Tax and Stamp Duty in Andalusia (Part III)
In this post our Law firm in Marbella analyses the tax rate of the transfer tax and stamp duty or “ITP and AJD” which is defined as the amount that the taxpayer must pay.
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