TempleCAMBRIA EXPANDS INTO CUSTOMS REPRESENTATION

In the spirit of innovation and progress to deliver a first-rate service to TempleCAMBRIA’s clients, the firm’s partners, Juan Antonio Rodríguez García and Álvaro Morales Sousa, recently passed the aptitude tests for training as customs representatives granted by the State Agency of Tax Administration, belonging to the Ministry of Finance and Civil Service (Ministerio de…

Details

SALE OF PRIMARY RESIDENCE. TAX RELIEF FOR REINVESTING

Individuals who receive gains on the sale of their primary residence can be exempt from paying income tax if the vendor is over 65 years old or the gains are reinvested in a new primary residence. The following requirements must be fulfilled: 1. Primary residence a)  The house being sold must qualify as the taxpayer’s…

Details

TAX RESIDENCY IN SPAIN AND GIBRALTAR (TIEBREAKER RULES)

Spain and Gibraltar have reached a post-Brexit agreement, published on 13 March 2021. This lays down rules for determining tax residency. An individual will be considered a resident in Spain if: the individual spends more than 183 overnight stays in Spain over the course of a calendar year. Periods of sporadic absence (where the person…

Details

TAX BENEFITS FOR SECONDMENT TO SPAIN (THE ‘BECKHAM LAW’)

The special ‘inbound expat’ tax scheme allows workers who become residents in Spain due to an employment contract or occupying a director position in a company to be taxed as non-residents -with the obvious tax benefits- during the year the individual becomes a Spanish tax resident and the five consecutive years thereafter.   There are…

Details

MESSAGE BY THE BRITISH CONSULATE REGARDING OBTAINING RESIDENCY IN SPAIN

  Thank you for your enquiry of 29/06/2020.   We understand your need for clarity regarding obtaining Residency in Spain. Up until now, UK nationals (UKNs) have been issued with the green ‘Certificado de registro de ciudadano de la Unión Europea’ (NIE). This will remain a valid document. From 6 July 2020, you will be…

Details

TAX RESIDENCE IN SPAIN ACCORDING TO INTERNAL SPANISH LEGISLATION

Tax residence in Spain is regulated under article 9 of the Personal Income Tax Law. Individuals are resident in Spain for tax purposes if they meet at least one of the following criteria: a) Spend more than 183 days in Spain during a calendar year. b) Have Spain as their main base or centre of…

Details

TAX RESIDENCE. TIE-BREAKER RULES

An individual can only be resident for tax purposes in one country, which will be where they will be taxed on their income earned held anywhere in the world. However, the tax authorities in two countries may consider that the individual is resident in both, which would result in double taxation prohibited under international tax…

Details