The Beckham Law is a favorable tax regime aimed at foreigners who move to live in Spain, known as “expatriates.” This regime was introduced by Royal Decree 687/2005, which amended the Personal Income Tax Law (IRPF). Under this regime, beneficiaries are taxed according to the Non-Resident Income Tax (IRNR) for the first six tax periods.… Continue reading What is the Beckham Law?
Tag: IRNR
How are non-residents taxed on real estate capital gains?
In accordance with domestic legislation, specifically Royal Legislative Decree 5/2004, of 5 March, which approves the revised text of the Law on Non-Resident Income Tax (LIRNR), income obtained in Spanish territory is understood to be income obtained directly or indirectly from real estate located in that territory or from rights related to the same. The… Continue reading How are non-residents taxed on real estate capital gains?