Gift tax in Catalonia is one of the taxes that raises the most questions, particularly due to its differences from other Spanish autonomous communities. As it is a devolved tax, each region can regulate its own reductions, allowances and tax rates. This creates...
The capital gain or loss declared on your income tax return when you transfer a property (whether by sale, donation, contribution to a company, etc.) is an element that is very susceptible to being reviewed by the Treasury, especially if you declare a loss. There is...
The month of March is approaching, and therefore also the dates on which the informative declaration of Model 720 must be submitted. This refers to assets and rights abroad of people who are tax residents in Spain, if any of the established thresholds are exceeded. No...
Today I would like to comment on an issue that not all companies may encounter, but which, if it arises, can have a certain economic impact. Can an expense generated in a prescribed year be recorded and deducted for Corporation Tax (CT) purposes? First, two key tax...
To understand the taxation of the sale and resale of works of art from the reseller's perspective, there are several aspects to consider. Sale of the work of art by its creator to a reseller: • VAT: the invoice will be at 10% VAT (reduced rate). This reduced rate also...
One of the aspects that usually generates doubts in Inheritance and Gift Tax (ISD) is how it affects the residence of the beneficiary, that of the testator and the location of the inherited assets.The first point to determine is the tax residence of the taxpayer (the...
Today, we would like to discuss a subject that often generates confusion, as the criteria vary depending on the tax being considered: the valuation of real estate. In addition to the disparity of criteria to be considered, since 2022, the Cadastre publishes the...
The Community of Madrid has approved a new tax incentive, known as the Mbappé Law, which aims to attract investment and new high-net-worth residents. This benefit allows for a 20% deduction on personal income tax (IRPF) on certain investments made by new residents of...
Limited companies in Spain have several legal options to reduce their tax burden. The following are some of the most effective strategies: Taking advantage of tax deductions Companies can benefit from several deductions to reduce corporate income tax: Deduction for...