Residents in Spain with property abroad

residentes en españa con inmuebles en el extranjero

As you would expect, residents in Spain with propertiy abroad must comply with a series of tax obligations, which we at Taxmind would like to explain to you. This includes, of course, declaring the income and capital gains generated by these properties, as well as complying with current Spanish regulations, which we will now discuss. … Read more

Form 650 for non-residents

650 form for non-residents

For those of you who do not know, form 650 is the tax return used to self-assess Inheritance and Gift Tax for non-residents in Spain. This tax applies to the acquisition of assets or rights located in the country, and must be filed annually by all non-residents in Spain. It is known as form 650 … Read more

The Court of Justice of the European Union annuls the penalties for Form 720

At the beginning of the year 2022, the Court of Justice of the European Union (CJEU) ruled and issued a judgment regulating the administrative sanctions imposed by the Spanish Public Administration related to the incorrect declaration of the well-known and controversial Form 720 (Declaration of assets and rights located abroad). Previously, the European Commission prepared … Read more