The new municipal capital gain tax
The Tax on the Increase in the Value of Urban Land (IIVTNU), better known as Municipal Capital Gain Tax (in Spanish, “Plusvalia Municipal”), taxes the profit obtained in the transmission of a property as a result of the revaluation of public land. In October 2021, the Constitutional Court considered the system to calculate the tax […]
Investing in real estate in spain
Spain has become been very popular for international investors for several reasons: good climate and food, easy going way of living, popular holiday destination in Europe and attractive prices. But which are the steps in the process of purchasing a property in Spain? 1.- Get a NIE number The NIE number is an identification card […]
Modification of legal and commercial guarantee terms for consumers
On January 1st 2022, the reform of the Consumer Law entered into force by the Real Decreto-Ley 7/2021, of April 27th, which modifies the current regime in the matter of legal and commercial guarantees to consumers by adapting the Spanish legislation to the European Directive 2019/771, extending significantly the terms of legal guarantees. Until now, […]