Foreign Asset Reporting – Prepare your 720 Form on year 2017

720 – The report of assets abroad for 2017 has commenced and will finish on the 29th March 2018. If you became resident tax  in 2017, then you need to submit an asset declaration and declare all assets owned outside Spain if the total value of the assets within any…

Inheritance of foreigners and the Spanish Succession laws

    When a foreign citizen owning assets in Spain dies, there are several things that the heirs need to know in order to properly process the inheritance of the Spanish possessions. A common mistake is to process the inheritance in the home country forgetting to handle the inheritance of…

Spanish Inheritance process & Tax in Spain

Spanish Inheritance process in Spain could be a stressful time when you are dealing with the loss of a loved one. Lextax is a team of experts of Spanish Lawyers and Tax advisers and we can help with the inheritance tax and give you support, and guide you through the…

New Inheritance and Gif Tax 2017

One of the tax issues that most concern to resident and non-resident in Spain is the inheritance and gift tax. Currently the tax has been unified for all citizens of the European Union, following the judgment of the Court of Justice of the European Union dated on the 3rd of…

NON RESIDENT´S TAX 2015

All non-resident owners of property in Spain are required by law to submit a non-residents’ tax return each year. Tax relating to 2015 can be paid at any time during 2016. What can we do for you? We calculate your tax liability, obtain and complete the appropriate tax form and…