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 [...]
In recent years, the aviation sector in Spain has experienced significant growth, leading to an increase in the number of passengers and, consequently, a rise in flight-related incidents. Recently, in June 2023, a significant improvement in aviation regulations in Spain came into effect, directly impacting passengers' rights. The State Aviation Safety Agency (AESA) received [...]
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 [...]
Last August 2022, Decree 98/2022 was published, which regulates the Real Estate Agent’s Registry (RAII) of the Valencian Community, which will come into force on October 16, 2022. We answer some of most frequently asked questions in this post. Si prefieres leer este post en Español pincha aqui WHAT IS THE RAII? It is [...]
