NEW IMPORTANT OBLIGATION OF THE RESIDENTS IN SPAIN: TO INFORM ABOUT ALL KINDS OF ASSETS AND RIGHTS THEY HAVE ABROAD.

An obligation for 2012, with serious consequences if not carried out. Any person, residing in Spain, who is a titleholder of assets and rights located abroad (bank accounts, values, real estate, insurance, etc.) must give very detailed information about the same to the Spanish Treasury, presenting an informative declaration during the first quarter of the [...]

By |December 10th, 2012|Featured, Tax law|10 Comments

SELLING PROPERTIES, BEFORE THE BANK TAKES THEM AWAY. IS IT A CRIME?

Selling properties or any other goods, having a pendant debt can be a crime, which might imply prison for up to 4 years. Therefore, one must be careful. However, selling properties or other goods before a legal procedure is started, resulting from what is owed, is not always a crime.   When is it a [...]

By |November 6th, 2012|Criminal law, Featured, Tax law|0 Comments

COPY PLEASE! (COPYLEFT) ; )

Some time ago we have created a blog where the lawyers, tax advisors and economists from DMS- Consulting frequently publish news and reports about every legal subject (labor law, administrative law, tax law, civil law, criminal law etc.) and accounting: (http://www. consultingdms. com) Following the line of COPYLEFT, which goes back to the idea of [...]

TAXATION of REAL ESTATE INVESTMENT in SPAIN by non-residents

TAX OBLIGATIONS FOR REAL ESTATE PURCHASE BY NON-RESIDENTS IN SPAIN a) The SELLER IS A PRIVATE INDIVIDUAL The buyer must pay to the Balearic Treasury the PROPERTY TRANSFER TAX (ITP) on a scale of 7 to 10% of the value of the propert. On our web page www.consultingdms.com you can find a TOOL FOR AUTOMATIC [...]

By |October 11th, 2012|Featured, Property law, Tax law|0 Comments