Property tax solutions in Spain
Handling property tax is an essential aspect of a business’s financial responsibilities in Spain. This role demands a thorough comprehension of the intricate regulatory framework and a careful method for ensuring compliance. Our strategy is centered on guiding businesses through these complexities with assurance, making sure they meet regulations while also seeking ways to enhance tax efficiency. By emphasizing accuracy and strategic planning, we support companies in meeting their property tax responsibilities seamlessly and effectively, offering reassurance in a constantly changing tax landscape.
Property tax rate
In Spain, property tax encompasses the annual Real Estate Tax (IBI), taxes on property transfers, and capital gains tax. The annual Real Estate Tax (IBI) varies between 0.4% and 1.1% based on the property’s cadastral value. The rates for property transfer taxes (ITP) differ between regions, ranging from 6% to 13%. For non-residents, capital gains tax is set at 19% for citizens of the EU/EEA and 24% for those from outside the EU/EEA.
Our property tax services
We provide a complete range of services aimed at assisting businesses in navigating the intricacies of property tax in Spain. Our objective is to guarantee total compliance while enhancing your tax situation, enabling you to concentrate on expanding your business. Our offerings consist of:
Property tax compliance
Our services for property tax compliance guarantee precise preparation and prompt filing of your property tax returns, in complete accordance with local regulations. We assist you throughout the entire process, offering professional guidance on required documents and filing timelines. This approach helps maintain your business’s compliance while reducing the chances of incurring penalties and facing other tax-related problems.
Property tax planning
We offer property tax planning services designed to create strategies that minimize your property tax responsibilities. Our team collaborates with you to pinpoint and utilize any applicable exemptions and deductions. Furthermore, we help in organizing your property tax payments, making certain that your tax strategy complies with regulations and aligns with your broader financial goals.
Property valuation and assessment support
We provide extensive support in comprehending and handling property valuations set by Spanish tax authorities. Our services guarantee that the assessed value of your property truly represents its market value, helping you prevent overpayment of taxes. Additionally, we offer advice on disputing property assessments if any inconsistencies occur.
Tax audits and representation
In the event that your business faces a property tax audit, our property tax audit and representation services are available to help. We aid in collecting all required documentation and represent you in discussions and negotiations with the tax authorities in Spain. Furthermore, we perform pre-audit reviews to detect and resolve any possible compliance issues before they escalate, making sure your business is well-prepared for any examination.
Local property tax compliance
For companies operating in various regions of Spain, our local property tax compliance services guarantee effective management of your tax filings and payments across multiple jurisdictions. We offer in-depth assistance on complying with local property tax laws and regulations, enabling you to confidently handle the intricacies of regional taxation.
International property tax advisory
Our international property tax advisory service aims to help businesses with property assets in various countries navigate the complexities of international property taxation. We provide strategic guidance on cross-border property deals, tax treaty advantages, and the handling of foreign property tax responsibilities to help keep your global property portfolio compliant and tax-efficient. Our team assists you in structuring your international property investments for the best tax results, focusing on critical matters like property repatriation and managing foreign tax credits.
Property tax system
Grasping the complexities of Spain’s property tax system is essential for any business involved in real estate within the country. Our knowledge offers you a detailed insight into how property tax functions, as well as the circumstances under which it is imposed. We assist you in navigating the limits, exemptions, and specific rules that define Spain’s property tax environment, ensuring your business stays compliant while effectively improving tax efficiency. By comprehending the property tax system, you will be prepared to make informed choices that align with your company’s financial objectives and reduce potential tax responsibilities.
Contact us
To learn more about our property services or to talk about how we can help, get in touch with us.
Disclaimer
Tax laws and regulations are continually evolving and can differ depending on personal circumstances. The information given here serves as general guidance and might not represent the latest updates. It is strongly advised to seek the assistance of a qualified tax professional for specific and current advice tailored to your situation.