Tax law

VAT in the construction and rental properties

Continuing on from our previous article, let´s assume that we are a company, that first we bought a plot of development land and on this land we have built ten apartments, we have paid VAT on the purchase of the land and also during the construction of the apartments, as we have contracted the services […]

How to apply for the refund of VAT or compensate the paid VAT?

If you have read our previous post “When do we apply VAT to a purchase of urbanised land“, you will know that we are buying a plot of land that is urbanised or in the process of being urbanised, for which we will be paying VAT at 21 %.  Assuming for example that the price […]

When am I considered to be a Tax Resident in Spain?

Spanish tax residency rules Clients often tell us “I’m not Tax Resident in any country”. It is a serious mistake to think one is not a tax resident, because when you least expect it, the Spanish Tax Agency, or that of any another country can claim taxes from you as a resident, and bearing in […]

When do we apply VAT to a purchase of urbanised land

When buying urbanised land, a very clear distinction must be made between the two important taxes that can be applied, of which one excludes the other. It is important to know that it is possible to apply VAT on the purchase of a plot of land, as the VAT paid on the purchase can be […]

Housing property rental and VAT Pro-rata

Tax implications for renting apartments and offices under the same company. We have often been asked about the tax implications for renting a housing property owned by a Company, as they don´t know if this will affect the rest of their incomes received from their rentals of business offices. The truth is that there are […]