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Rajoy’s smoke and mirrors have worked – for now, at least

Rajoy's 'retranca' shows up in Brussels.

The Spanish prime minister’s policy of breaking his own word when it comes to economic policy has bought him some time. But soon he’s going to have to communicate more directly with both Brussels and the electorate.

March 6th, 2012 | Posted in Featured, Politics, Spain News | Read More »

Calculating complimentary tax on Spanish property

Spain - complimentary tax

The real sting to complimentary tax is that many Spanish house buyers don’t know it exists and it creeps up just when they think everything is paid for. After four years of living in a property you don’t suddenly expect to get a tax demand that dates back to when you bought it.

February 16th, 2012 | Posted in Expats, Spain Expat | Read More »

Wave of complimentary tax hits home buyers

Spain property tax

Complimentary tax often takes home buyers by surprise. It is an additional tax that can be levied any time up to five years after you bought a property. At a time when Spanish house prices have dropped considerably, an increasing number of purchasers are receiving this rather unpleasant bill.

February 9th, 2012 | Posted in Expats, Spain Expat, Spain News | Read More »

Spain’s tax hike threatens La Liga’s appeal

Kaká (right) signs on the dotted line for Real Madrid. But Spain's new tax system makes playing in La Liga less attractive for the big earners.

The government’s decision to raise income tax will have a very high-profile casualty: Spain’s soccer teams, which must now negotiate contracts with players under vastly different terms.

January 16th, 2012 | Posted in Business, Featured, Spain News | Read More »

A letter from the Tax Authority

Spain propert tax

Working out what taxes you should pay in Spain is not an easy process. There are different taxes depending upon whether you are resident or non-resident and some, such as the imputed income tax, that are completely different from what you would expect to pay in the UK.

December 29th, 2011 | Posted in Expats, Spain Expat | Read More »

Spanish home prices fall faster on tax changes

Spanish house prices have been falling lately.

Homeowners have been able to write off part of their mortgage payments when they fill out their income tax returns for decades. But changes to Spain’s tax law from January 1 mean far fewer people will be able benefit, contributing to an acceleration in the decline in house prices since the start of the year.

April 20th, 2011 | Posted in Business | Read More »

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