Value Added Tax (IVA): This tax is applicable to any taxable supply of goods or services made in Spain by a taxable person as part of their business. It is not restricted to the provision of goods and services by way of sale but also applies to other forms of transaction. For VAT purposes, the… Read more »
Posts By: Rafael Guerrero
Council Tax in Spain
What is IBI? IBI is a local tax levied annually on the ownership of rural or urban real estate properties. The tax is based on assessed property values known as the cadastral value (valor catastral). It is payable to the local council to cover its expenses such as maintenance of local facilities and all manner… Read more »
Buying Property from a Developer
What should I check if I am buying property in Spain from a developer? Ensure that there is either a building licence, a first occupation licence or ten year inherent defects insurance (seguro decenal). Check that the developer owns the property and that there are no charges or encumbrances against the property. Check descriptions of… Read more »