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Thinking about buying a property in Spain?

Before you sign on the dotted line make sure you understand all the Spanish tax implications.

If you’re buying a property in Spain then it’s really important to make sure you’re fully informed about the tax implications of ownership.  Property and personal taxes in Spain are completely different to those in the UK.

The decision on who actually owns the property will impact your tax liabilities both now and in the future. And because property transactions in Spain are expensive – solicitor, notary, stamp duty and mortgage fees –it can be very costly to change the ownership structure at a later date.  You need to be sure you’ve got it right first time.

Spanish estate agents and lawyers won’t be able to advise you about your tax liabilities; in fact there are very few specialists who can explain both the Spanish and UK tax implications of your proposed property purchase.

Get the right advice before you buy

As specialist tax advisors we’ll help you evaluate all possible ownership structures and related tax implications:

  • Save future tax by getting the right structure in place -
    inheritance tax, capital gains tax, rental income tax
  • Potentially save on initial set-up costs -
     advice on whether you need to set up a Spanish will
  • Have a variety of ownership options with greater flexibility -
     the option of UK company ownership to eliminate Spanish tax implications.
  • Flexible accountancy services -
     we can liaise with your existing accountant or provide all related accounting and tax services.

    • UK company ownership of Spanish properties

    We can advise you on whether company ownership is an option to minimise your tax liabilities.  We offer a complete service and can setup a UK company and related shareholdings, which can then be used to purchase the property.  In addition, we can issue annual UK accounts and tax returns in the UK and Spain for each year of ownership on your behalf.

    If you’d like more information, or if you’ve already reserved a property in Spain, then call us today to arrange a FREE  appointment to discuss your options and answer your questions.

    Make sure you have the right advice before you buy.