Madrid Proposes Crackdown on Private Holiday Home Rentals

Officials in Madrid are following Valencia and Mallorca’s lead by introducing new regulations on private holiday lets, in a bid to curb over-tourism in the city. Spain’s tourism sector has a hugely positive impact on the country’s economy, accounting for 11% of total Spanish GDP in 2017. Last year alone, Madrid welcomed around 6.7 million international visitors – 3.7 million more than in 2001 – and with more tourists not only visiting but staying in the city, locals are fearful that they are being priced out of their own neighbourhoods when it comes to renting property. […]

May 16th, 2018|Perez Legal Group|0 Comments

Spain is the Top Destination for British Expats

With a total of 293,500 British expats making Spain their home, it comes as no surprise that the country is still the top destination for Britons living abroad, new figures show. […]

Hacienda Cracks Down on Cryptocurrency Tax Fraud

The Spanish tax authorities at the hacienda have requested trading information from 60 organisations which accept or trade cryptocurrency, in a bid to crack down on digital coin tax evasion. […]

April 18th, 2018|Perez Legal Group, Tax|0 Comments

Registering on the Padrón is Easier than you Think

Registering on the padrón is a simple and straightforward process which comes with lots of benefits for not only you but also your community. By Spanish law, it is obligatory to register on the padrón at the town hall where you habitually reside. The process which gives the town hall a good idea of how many [...]

March 12th, 2018|Perez Legal Group|0 Comments

British Buyers Remain Upbeat About Spanish Real Estate Despite Brexit

Foreign demand for Spanish real estate remains strong, especially from the Brits who are continuing to buy Spanish property despite Brexit uncertainties. […]

March 9th, 2018|Perez Legal Group|0 Comments

Spain demands three years for the 500,000 people affected by Brexit

Report from all Ministries on the bilateral repercussions of the UK’s exit from the EU Brexit is a common, unprecedented challenge for Europe and for the United Kingdom, which will have countless bilateral repercussions which will need to be negotiated with the 27 member countries which will remain in the EU and with millions of [...]

January 31st, 2018|Perez Legal Group|0 Comments

Renting out your Spanish property

Renting a Spanish property to holiday makers can be a lucrative investment option, especially now whilst property prices are yet to reach their peak. In 2006 8.97% of property sales in Spain were to foreign buyers, this figure now stands at 13.25%, according to the Spanish Registrars Association. Foreign buyers are taking advantage of the fact [...]

May 22nd, 2017|Perez Legal Group|0 Comments

Brexit: Spain ‘in favour’ of Reciprocal Agreements, Expats Reassured

Spain backs Theresa May’s bid of a fair deal for British expats once the UK leaves the European Union, according to the Express. Since the referendum results last June, the Prime Minister has been keen to come to a swift agreement with other EU countries regarding the protection of rights for UK nationals residing abroad. [...]

March 27th, 2017|Perez Legal Group|0 Comments

What You Need to Prepare Your Spanish Tax Returns for 2016

As the time to prepare your Spanish income tax declarations for 2016 fast approaches, here is a list of the documentation & information you will need.  We’ve also included some handy pointers to help you avoid some of the more common pitfalls people often encounter. […]

February 8th, 2017|Perez Legal Group, Tax|0 Comments

Planning for the Modelo 720. A brief analysis

JANUARY 2017 – Since 1 January 2013, the Spanish tax residents are obliged to file an annual informative tax declaration called ‘Modelo 720’ (M720), to declare the ownership of non Spanish assets that exceed 50.000 € in value, category by category. The categories and the information to be provided are as follows: Properties outside Spain You will need to declare the date of purchase, the full address, the type of property, the percentage of ownership and the purchase price (not the market value), ignoring the percentage of ownership. All types of bank accounts outside Spain You will need to declare the bank name, the full address, the type of bank account, the full bank account details (including IBAN), the date the bank account was opened, the percentage of ownership, the bank balance at 31 December and the average bank balance during the fourth quarter (ignoring the percentage of ownership). All types of investments assets (investment bonds, shares, insurance products and other related financial assets) You will need to declare the name and type of investment, the date of purchase, the type and percentage of ownership and the value at 31 December ignoring the percentage of ownership. (This information may vary depending on the type of asset, for example you will need to provide the ISIN number for share in the Stock Market). The filing of this annual declaration is […]

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