BUYING PROPERTY IN SPAIN THROUGH NOMINEE COMPANIES IN A TAX HAVEN

It is common practice in Spain to buy properties through companies in tax havens as a means to evading transfer tax, inheritance and gift tax and capital gains tax. To penalise this practice, the Gravamen Especial sobre los Bienes Inmuebles de las Entidades no Residentes (special tax on property of non-resident entities) was introduced. It…

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