Fiscal Representation
Whether Resident or Non-resident in Spain, any person owning a property in the country must deal with the always arduous and difficult task of complying with fiscal obligations. When you invest in a property here you automatically become liable to a series of related taxes.
Understanding the Spanish fiscal system for a foreigner becomes a difficult task and even something as common as receiving notifications from the authorities can be a major issue due to your limited and occasional stays in the country.
In the first place, it is key to understand that even foreigners not receiving any income in Spain must, nonetheless, file certain tax declarations as owners of a property based on the fiscal concept of “notional enjoyment of the property” (Non-Resident Imputed Income Tax). Even if you do not rent out you still have to submit the tax, and if you only rent part time during the year the days the property is vacant are taxed on a pro rata basis.
Appointing a legal-fiscal representative in Spain to handle Spanish tax obligations has proven to be a wise decision for most non-resident property owners and resident expats. Moreover, we believe it is important for any outsider to have a dynamic and direct access to a solicitor when the assistance and consultation in connection to any aspects of the Spanish Law are required.
Our Non Residents Fiscal Representation Service focuses on giving solid and reliable support to all those people that, not understanding the language and not being present many days in the country during the year, need to have an expert that will be available to receive any official communications, properly interpret them, carry out any necessary action on their behalf, and most importantly, keep them informed at all times.
In the case of Fiscal Residents the obligations are based on very specific criteria. A fixed annual budget for the services can be agreed beforehand, but it is necessary to make a preliminary report based on the individual documentation provided by the client.
Engaging this service will ensure you:
- Do not overpay taxes on your property due to miscalculations.
- File your tax returns before the Spanish Tax Office in a timely manner, avoiding any penalty fees arising from late submission.
- Have a fiscal-representative’s address at hand to deal with all your tax-related correspondence.
- Reply to any tax notifications within the deadline, ensuring tax compliance.
- Carry out any appeal actions on misunderstandings or administration clerical errors.
- Have up-to-date knowledge on any fiscal amendments.
We also have a specialised Tax service for Resident owners, but in this case agreeing a service fee requires a deeper analysis, as taxation will be subject to the individual’s global income worldwide. To determine a tight budget the documentation and information provided will need to be examined by our Tax expert who will issue a report with a clear overview of the taxes due and the applicable fiscal fees.
Contact us for a speedy quote of the service. We will give you our best possible offer to become your Fiscal Representative in Spain.