Category: Personal tax
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Back to School in Spain: Tax Deductions Working Parents Should Know About
As families across Spain prepare for the new academic year, September often brings a significant increase in household expenses. School supplies, textbooks, language classes, uniforms, childcare, technology, and extracurricular activities can place considerable pressure on family budgets. The good news is that some education-related expenses may provide valuable tax benefits, particularly for families living in… Read more
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Property Management in Costa del Sol: What Property Owners Need to Know About Airbnb, Booking.com and Tax Compliance
The Costa del Sol continues to be one of Spain’s most attractive destinations for holiday rentals. From Marbella and Estepona to Málaga and Fuengirola, thousands of property owners generate income through platforms such as Airbnb, Booking.com, Vrbo and other short-term rental channels. While property management can provide an excellent source of income, many owners underestimate… Read more
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AEAT Courtesy Period: How You Can Pause Notifications While on Vacation
When you’re self‑employed in Spain, holidays can feel like a luxury — especially when you worry that AEAT might drop a surprise notification while you’re lying on the beach. But here’s the good news: you can legally “pause” AEAT notifications for a limited time. Yes, really. This system is called the “periodo de cortesía” and… Read more
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How to Declare Your Worldwide Assets When You Are a Tax Resident in Spain
Becoming a tax resident in Spain comes with a major shift in how your wealth is reported. Spain taxes residents on their worldwide income, and it also requires the declaration of worldwide assets through the well‑known (and sometimes feared) Modelo 720. If you’ve recently moved to Spain—or you’ve lived here for years but never understood… Read more
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Do I Need to Declare My Foreign Bank Accounts or Investments in Spain? A Complete Guide for Expats
If you live in Spain — or spend enough time here to become a tax resident — one of the first questions you’ll face is whether you must declare your foreign bank accounts, investments, or crypto holdings. The short answer is: yes, in many cases you do. Spain has strict reporting rules for overseas assets,… Read more
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Personal Income Tax in Spain: Rates, Allowances, and Key Deductions Explained
Spain’s personal income tax system — known as IRPF (Impuesto sobre la Renta de las Personas Físicas) — is progressive, meaning the tax rate increases as your income rises. Whether you are a resident, an expat, or someone planning to move to Spain, understanding how IRPF works can help you optimise your tax bill and… Read more
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Why You Should File La Renta Before 25 June — And Not Wait Until the Last Day
Every year, thousands of taxpayers in Spain wait until the very last moment to file their income tax return (la Renta). While it may seem harmless to delay, submitting your return before 25 June can save you time, money, and unnecessary stress. This date is especially important if your return results in an amount to… Read more
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Global Income Tax in Spain: What Non‑Residents Must Know Before Moving
Moving to Spain is exciting—sunshine, lifestyle, culture, and a slower pace of life. But before packing your bags, there’s one topic every future expat must understand clearly: how Spain taxes your global income. Spain’s tax system is residency‑based, which means your tax obligations depend on whether Spain considers you a tax resident or a non‑resident.… Read more
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Can You Pay Your Spanish Renta in Instalments? What Happens If You Can’t Pay Right Now?
If you’re preparing your annual Spanish income tax return (la Renta) and worrying about how to pay it, you’re definitely not alone. Many taxpayers in Spain face the same question every year: Can I pay in instalments? And what if I simply can’t pay right now? Let’s break it down clearly, calmly, and with all… Read more