In response V2752/2023 dated October 10, the General Directorate of Taxes (DGT) analyzes a restructuring operation of a family company (entity A) that owns 100% of entity B. Entity A is responsible for directing and managing the company’s participation in entity B. In 2019, the parents donated shares in entity A to their children, benefiting… Continue reading Tax Advisor: Tax analysis of corporate restructuring: Implications on companies, assets, and Inheritance and Gift Tax (ISD)
Tag: Taxes in Spain
Tax Advisor: Exit Tax in Spain: Implications and Strategies
Taxes are often the last consideration when contemplating the possibility of moving out of Spain, unless it is with the explicit goal of reducing the tax burden. Nevertheless, taxes will remain a reality, not only in the new country of residence but also in relation to the decision to cease being a tax resident in… Continue reading Tax Advisor: Exit Tax in Spain: Implications and Strategies
Tax Advisor: Exit Tax in Spain: Exclusions, Deadlines, and Tax Strategies
In Spain, “Exit Tax” entails an additional payment for taxpayers with certain assets when changing their tax residence outside the country, linked to the Personal Income Tax (IRPF). This obligation, established in 2015 and common in the European Union, aims to distribute tax authority among member states. It applies to latent gains for those relocating… Continue reading Tax Advisor: Exit Tax in Spain: Exclusions, Deadlines, and Tax Strategies
Tax advisor: Can I deduct expenses for books and school supplies on my taxes?
With the beginning of each academic period, the purchase of textbooks and school supplies is required. However, in some situations and depending on the autonomous community of residence, these education-related costs can result in tax benefits on your Income Tax return. In this post, we will focus solely on potential tax deductions related to expenses… Continue reading Tax advisor: Can I deduct expenses for books and school supplies on my taxes?
Tax advisor: The Beckham Law and its impact on taxation in Spain
The Beckham Law refers to a tax tool aimed at individuals who move their tax residence to Spanish soil due to engaging in labor activity. This system offers the opportunity to enjoy more advantageous taxation, allowing taxpayers to apply the regulations of the Non-Resident Income Tax (IRNR), even if they meet the requirements to be… Continue reading Tax advisor: The Beckham Law and its impact on taxation in Spain
