Cannabipedia: tax system
Gift tax in Spain
There are cases in which real estate and other valuable property ownership is transferred by way of gifts or inheritance. However, before we enter into details on the legal rights of property ownership in Spain, it is best to have an understanding of gift tax in Spain in order to avoid penalties as well as administrative or criminal charges.
Tax system in Spain
In this article, we will discuss the main features of the tax system in Spain and related types of Spanish laws.
Wealth tax in Spain
Wealth tax in Spain (El Impuesto sobre el Patrimonio) was eliminated in 2008, but in 2011 it was introduced again and has been in effect ever since. It is worth mentioning that in 2016 absolutely all payers of this tax received 100% benefits. Liabilities on the submission of tax returns were not abolished; however, the citizens were fully exempt from paying wealth tax in Spain.
Tax rebates in Spain
Issues concerning tax payment are equally important for residents and foreign citizens without a residence permit, who nevertheless have financial assets and/or business in Spanish territory. The government offers rebates for nearly every tax in Spain; as a result, the tax load is significantly decreased.Spanish vacations
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