As Benjamin Franklin famously said, “In this world nothing can be said to be certain, except death and taxes”, but what is sometimes not so certain for expats living and renting long term in Spain is what taxes apply to them, how much should they pay and should they still be paying taxes in their country of origin.
This is a constantly evolving topic and varies depending on where you are from and what your status is in Spain, so the key is to research properly, make sure you’re looking at the most up to date information and ask for professional advice. Anglo Info has some excellent general information about the different categories of tax, including the new declaration of overseas assets here – http://costadelsol.angloinfo.com/information/money/general-taxes/
We have some useful information about financial and tax matters on our website and our trusted partner Perez Legal Group have a wealth of interesting articles on legal and financial matters on their site. They recently highlighted important changes to the EU Inheritance Law in 2012 which will make international successions easier to resolve from 17th August 2015 and is important if you are tax planning for the future. Read the article by clicking here.
We suggest that you find an English speaking accountant and tax advisor who can guide you through the minefield of Spanish taxes and you see a few companies before choosing the one you feel most confident about. We can put you in touch with some highly recommended specialists, so please just ask firstname.lastname@example.org