Gifts: when the least costly part is the gift tax
When considering the tax cost of a gift, besides gift tax, there are other taxes which at times can be more costly than the gift tax itself, such as personal income tax and tax...
Tagged: personal income tax
Plot twist in relation to the personal income tax treatment of EFT?
A recent ruling by the Directorate-General of Taxes (“DGT”) reopens the debate regarding the personal income tax treatment of listed investment funds, known as exchange trade funds (“ETF”) and the particular aspects that must...
Refunds for collar or ‘floor’ clauses: personal income tax repercussions
A few months ago we discussed the tax effects of the elimination of collar or ‘floor’ clauses from mortgage agreements and the refunds of the interest paid in excess under those clauses, which financial...
Rented Properties: exempt from Wealth Tax?
A key question from the tax perspective for companies which engage in the leasing of real property assets is whether these operations can be classed for tax purposes as an economic activity. This is...
New rules applicable in 2015 IRPF returns
The tax season is upon us once again. What are the main changes to be taken into account when filling out our 2015 personal income tax (IRPF) returns? Firstly, certain cuts have been made...
The personal income tax reform and possible decisions before it takes effect
Now that the Bill amending the Personal Income Tax in force (Law 35/2006, of November 28, 2006) has been approved and published in the Official Gazette of the Lower House of the Spanish Parliament,...
Guide to the main allowances to be taken into account in the 2013 personal income tax return (II)
In order to complete our review of the main allowances in the personal income tax return of 2013 which we initiated last week, today we talk about other items that can help us reduce...
Guide to the main allowances to be taken into account in the 2013 personal income tax return (I)
It is that time of year again when we have our annual appointment with the Tax Authorities. Therefore, before the period for filing our tax return ends on June 30, it is advisable to...
Preliminary Bill on Support for Entrepreneurs III – New developments in the tax area
After taking a look at the new features set to be introduced by the Preliminary Bill on Support for Entrepreneurs and their Internationalization from the corporate/commercial and labor and employment law standpoints, today we...