Are you planning to let your property for holidays or short term?
Legislation requires that holiday rentals in Andalucía meet certain regulations before they may be let. We can assist you with the entire registration procedure and ensure the appropriate taxes are paid.
Did you have to pay Plusvalía tax when you sold at a loss? Do you know you can claim this tax back? Did you pay expenses when you took out your mortgage? Does your mortgage contract include an interest-rate floor clause?
PRIME LEGAL can offer you advice on your situation and help you reclaim. Contact us to find out how we can get your money back for you.
Filing taxes is a daunting and time-consuming process. As an owner of property in Spain you will need to pay certain local, regional and national taxes. Together with utility bills it can be hard work!
LEAVE IT TO PRIME LEGAL
We can assist you ensuring your tax obligations in Spain are met. We keep track of all your tax obligations throughout the year, providing you with timely notifications if any action needs to be taken on your part, so that you never miss a payment or incur any penalties.
This gives you complete peace of mind and you can rest assured you are up to date with all your tax obligations.
Our tax service includes:
– Tax calculation for the current year.
– Income Tax for non-resident (form 210).
– Management of unpaid or undeclared taxes from past years.
– Claiming back 3% Capital Gains tax retention where appropriate.
– IBI (the local authorities’ tax) management.
– Wealth Tax (form 714).
– Plusvalía track and management.
Note that you’ll have different tax liabilities depending on the use of your property (personal use, holiday lets or long-term rentals).
BILLS – We can set up direct debits, register you with the local tax offices and prepare and submit your taxes.
DO YOU NEED A SPANISH WILL?
Under the 2015 EU regulations you are able to choose whether the laws applicable to your estate are those in your last habitual residence or your home country.
So, if you are resident in Spain, then Spanish Law will be applied unless you have specifically stated in your will that you wish the law of your home country to be applied.
Thus, if you are resident in Spain it’s highly recommended that you make a Will in Spain if you wish to distribute your assets according the laws in your home country.
Note: If you made a will in Spain before August 2015, it may be in your interests to change it to expressly state that you opt for your national laws to be applied.
It is a foreigner’s tax number and is the first thing you need when buying or selling a property in Spain. You also need it for many other activities such as applying for a mortgage, setting up utilities supplies, getting insurance, receiving inherited assets in Spain or setting up a company.
HOW TO GET A NIE
All it takes are two easy steps:
1. Power of Attorney:
So we can apply for and collect your NIE on your behalf you will need to grant us a Power of Attorney. Powers of Attorney can be granted before a notary in your country or in Spain. It must comply with certain formalities such as language and The Hague Apostille. We assist you with this and prepare all necessary documentation.
2. Legalised copy of your valid Passport or ID card.
As well, this should be done in a notary in Spain or in your country.
Once we have these documents, we will apply for and collect your NIE on your behalf. (The timescale varies depending on the region.)