Sometimes, the necessary attention is not given to the choice of tax, labour, accounting and legal advice for the company. Keep in mind that although the businessman knows the data and the situation of the company perfectly, the advice of a good professional can lead to the success or failure of a business. Frequently, we find common patterns that lead …
Spanish Wealth Tax in Andalucia for 2017
Should I pay Wealth tax or not? The established threshold for Spanish wealth tax in Andalucia for 2017 is €700,000. If your taxable wealth exceeds this you will be subject to wealth tax on your net assets. Spanish wealth tax is payable by both residents and non-residents of Spain. Spanish wealth tax is a progressive tax – the higher the …
Decree on mortgage floor clauses in favor of mortgage buyers
The European Court of Justice in Luxembourg ruled that Spanish banks that had loaned money to home buyers on variable interest rates were breaking European law when they refused to pass on the savings from the dramatic fall in interest rates after 2009 by enforcing the so-called ‘cláusulas suelo’, (floor clauses), that prevented mortgage rates falling below a fixed percentage …