Law 26/2014, of November 27 on Personal Income Tax (hereinafter, PIT), in force since January 1, 2015, establishes a case of taxation of unrealized capital gains when a taxpayer moves outside Spain, as an instrument to prevent tax evasion and a measure to guarantee tax revenues. The exit tax established in the PIT taxes the… Continue reading SPANISH EXIT TAX
Tag: Real Estate Tax
Tax advisor: Strategies to Alleviate the Burden of IRPF at Year-End
The Registry of Expert Tax Advisors (REAT) is issuing suggestions to ease the tax burden of the Personal Income Tax (IRPF) at the annual fiscal closing. Presented in Tenerife, the 2023 Income Tax Declaration Planning report offers up to 100 recommendations to “optimize the tax impact” before December 31. The General Council of Experts highlights… Continue reading Tax advisor: Strategies to Alleviate the Burden of IRPF at Year-End
Tax Advisor: Tax measures for the right to housing
In the publication of the Official State Gazette (BOE) of May 25, 2023, Law 12/2023, of May 24, which establishes the right to housing, has been enacted. This law includes in its second and third final provisions fiscal measures that impact personal income tax (IRPF) and real estate tax (IBI), respectively. News As regards Personal… Continue reading Tax Advisor: Tax measures for the right to housing
Tax Advisor: The use of real estate that qualifies for the imposition of an aggravated tax rate in Real Estate Tax is only allowed if it is indicated in the 15th transitory provision of TRLHL
According to the Real Estate Tax (IBI) ordinance, several different rates are established in relation to urban real estate, not including property for residential use and counting property that exceeds the cadastral regulations for the valuation of buildings. The judgement upholds the indirect challenge and as a consequence nullifies the precept which establishes as a use… Continue reading Tax Advisor: The use of real estate that qualifies for the imposition of an aggravated tax rate in Real Estate Tax is only allowed if it is indicated in the 15th transitory provision of TRLHL