In Spain, taxation of property rentals owned by non-residents has undergone a significant change starting January 1, 2024. For all incomes generated in 2024, it will be possible to choose between submitting a single annual declaration or continuing to submit them quarterly. This modification considerably simplifies administrative procedures for non-residents who decide to rent out [...]
Current Issues in Obtaining NIEs: Chaos and Confusion for Foreigners What is the NIE? The NIE (Foreigner Identification Number) is a unique, personal, and mandatory identification number for all foreigners in Spain who, due to their economic, professional, or social interests, interact with the Spanish administration. It is issued through the Spanish foreign representation or [...]
Recently, Law 6/2023, dated November 22, which modifies Law 13/1997, was published with the aim of mitigating the tax burden on inheritances and donations among close relatives in the Valencian Community. Among all the measures of this Law, undoubtedly, the 99% tax rate reductions in successions and donations among relatives of groups I and II [...]
Regularization of properties on Non-Urbanizable Land in the Valencian Community: Impact and Legal Solutions Urban areas are designed to provide convenience to citizens with services like waste management, road infrastructure, and street lighting. However, dwellings in rustic or protected non-urbanizable land, often situated away from urban areas, pose significant environmental challenges in terms of landscape, [...]
The real estate market in Spain has experienced significant growth in recent years, but owning a home can still pose a challenge for many young individuals and families. To facilitate access to homeownership, the Spanish Government through MITMA and ICO has approved (see BOE, article 191) a series of measures to support the acquisition of [...]
How does the Housing Law affect Real Estate professionals? We summarize the 10 most important points of this Law 12/2024 of May 24, 2023, on the right to housing, for real estate professionals in Spain: agencies, investors, and property owners. Main modifications and changes to consider in our daily activity: 1. Intermediation fees or any [...]
If you are considering allocating a home for vacation rental, this article is of interest to you. We will now analyze how to apply for TOURIST LICENSES, THE REQUIREMENTS AND THE PROCESS, but before beginning it is very important to note that the procedure for applying for Tourist Licenses is different from one Autonomous Community [...]
