Maria Teresa Velasco

Change of Ownership of a Car in Spain

When a private person sells a vehicle to another physical person, it is very important to go through the complete set of administrative procedures in order to change the ownership. Failure to do this will incur different types of problems including fines and road tax of the new owner being sent and charged to the former owner.

Defects in a Newly Purchased Property

It’s not uncommon that after purchasing a property, a new buyer finds concealed defects that seriously affect the value or the usage of the property. For example this could be a leaking swimming pool or more serious, a structural problem which compromises the stability of the building.

Income Tax in Spain 2012

Income tax or in Spanish IRPF (Impuesto sobre la renta de las personas físicas) is a tax for Residents in Spain that is filed every year. Remember in Spain the tax year runs from the 1st of January till 31st December.

This year residents Spain will have to file their tax returns related to the year 2012 between the 24 April and the 1 July 2013, online or between 6 May and 1 July through other means.

Non-residents in Spain who own assets on the Spanish territory will have to file for non- resident tax. In this case the deadline is until the 31 December 2013.


Spanish Mortgage Law Update

On March 14th 2013, the Luxembourg Court of Justice of the European Union ruled against the present Spanish mortgage laws and will force Spain to adapt the present legislation governing evictions and foreclosures to EU directives.

Blacklists & Consumer Protection, Spain

The current economic climate has led to an increase in people and companies getting into debt all over Europe. This has in turn fostered the emergence of “credit blacklists”, where people and companies that have defaulted on payments are recorded.

New Fiscal Fraud Laws

On October 29th 2012, the Spanish parliament approved Law 7/2012 with the object of fighting fiscal crime. It is a mixture of new and the modification of the previous law. It is hoped that it will curb several categories of fiscal crimes.