Utility companies More market choice offering greener, cheaper energy Over the last few years, more modern companies from abroad have entered the Spanish power supply market. They’re a joy to deal with compared to the complexities of the established utility companies. Moreover, they offer greener energy at competitive rates, and their customer service is good […]
MTB Articles: Barcelona Property News and Updates
Important issues that you should know about when living or considering to live in Barcelona. Mostly the articles focus on the property market, both renting and buying in Spain.
Each autonomous region in Spain can have different rules and regulations. These articles focus on Catalonia, but some are also relevant to the whole of Spain.
The Beckham Tax Law is a tax law which applies to foreigners coming to live in Spain for employment purposes. It limits the amount of personal tax expats have to pay to 24%. It only applies to Spanish personal income. People must be coming to live in Spain to start a new job, become tax […]
The Spanish rental law was altered again on 6th March 2019. This brings back many of the first changes from December 2018 that were over-ruled in January 2019. The main changes are as follows. Long term rental contracts are now for a period of 5 years if the owner is a person. If the owner […]
This article is a very brief summary of the taxes due when you own a property in Spain as a non-resident. In particular, non-resident property owner’s tax or, also known as non-resident imputed income tax. My advice is to use a tax expert, lawyer or qualified accountant to calculate your tax. They inform you of […]
The Spanish Golden Visa gives residency to any non-EU national who purchases property or land for €500,000 or more in Spain. You are free to travel to any European country that is part of the Schengen agreement – for 90 days in every 180 days. You are allowed to work in Spain and your immediate […]
This article is an explanation of how to buy property in Barcelona. It covers each stage of the process: the property search, reservation, official deposit payment (Arras) and the final signing and exchange of the deeds (Escritura). The first stage is to know your budget and to allow enough money to cover the expenses of […]
ITP stands for Impuesto sobre Transmisiones Patrimoniales – which equates to Transfer Tax. There are various forms of ITP, but this article is concerned with paying the ITP when renting property in Spain. By law when you rent a property in Spain you have to pay the ITP tax. It’s a once only payment when you […]