Unlike other economic activities, property rental has been subject to certain requirements in order to be considered as such for tax purposes, which we will discuss below. For Income Tax, according to Article 27 of the LIRPF, property rental is considered an economic activity when it is carried out by at least one person employed…
With the sale of a property, comes the calculation of a capital gain and for this, it is vitally important to reflect the acquisition value of the property sold. As a reminder, the acquisition value of a property will be formed by the actual amount of the acquisition plus the cost of the investments and…
After an intense month of January in professional offices, it ended with a pleasant surprise for non-resident taxpayers in Spain, with the introduction of modifications to the ministerial orders that approve the self-assessment forms 123, 210, 216, by means of Order HDA/56/2024, of 25 January, published in the BOE on 31 January 2024. As…
From 2024, Form 721 will become compulsory for holding cryptocurrencies abroad and, therefore, the first financial year to be declared will be 2023. Below, we summarise the most relevant aspects to bear in mind, as the holding of this type of asset is becoming more and more frequent. Who is obliged to file form 721?…
The sale of companies whose assets consist of real estate should, from a commercial and tax point of view, be studied in detail in accordance with the regulations in force, as otherwise it could be classified as tax avoidance by avoiding the legal transaction of the sale and purchase of the real estate in question.…
Opportunity to recover Wealth Tax 2021-2022 Everything indicates that the Constitutional Court will issue a ruling on the constitutionality of the Wealth Tax for the years 2021 and 2022. In the fiscal year 2021, the Wealth Tax, through the General State Budget Law (“ Ley de Presupuestos Generales del Estado”), suffered an increase in its…
After a turbulent month of January fiscally speaking, February arrives bringing with it the Annual Informative Declaration of Transactions with Third Parties, which is filed by filling out Form 347. This form must detail the commercial transactions carried out with third parties during the previous fiscal year. This informative declaration has annual character and is…
The publication of Law 12/2023, on the Andalusian Budget for 2024, has brought with it relevant modifications to the 100% regional rebate on the Wealth Tax (IP), introduced by Decree-Law 7/2022, which led to tax residents in Andalusia not paying this tax in 2022. However, with the entry into force of the Solidarity Tax for…
During the week, MDG Advisors will join the faculty of the renowned business school ESESA in Malaga. Our partners Leticia Cayuela and Pablo Mallo will take over the VAT subject as part of the program of the Executive Master in Business Tax Advisory in the current academic year 2023-2024. At MDG Advisors we have always…
In previous blog posts, we have mentioned the main modifications to the Special Regime for Workers Posted to Spanish Territory and since 15 December 2023 the new format of Form 149 has been approved by the Spanish Tax Agency, to accommodate the new groups that can access the so-called Beckham Law from 1 January 2023…