Blog, News

Insights

Clear thinking on the Spanish tax questions affecting internationally mobile people, private wealth and cross-border business.

Lullius briefings

Our writing focuses on the decisions, risks and procedural moments that matter in practice.

116 insights

Blog, News30/06/2024
101

Tax residence in Spain: risks and solutions

In today’s increasingly globalized and mobile environment, accurately determining an individual’s tax residence has become crucial. There are instances where individuals might unknowingly be tax residents in Spain. This includes Spaniards who move abroad but retain ties to Spain (i.e., expatriates); those who come to Spain for business or professional purposes (i.e., impatriates); artists or

Blog, News14/05/2024
102

Crypto taxation in Spain under the Beckham Law

In today’s world, where various nations are reevaluating tax benefits designed to attract affluent and skilled individuals (such as the UK, Portugal, and even Italy), Spain remains a compelling destination for foreigners seeking a warmer climate, whether for work or to provide services in the new economy. Spain implemented a special tax regime in 2005,

Blog, News12/05/2024
103

Beckham Law: A Guide for US Expats Considering Spain

For Americans contemplating a move to Spain, understanding the intricacies of the Beckham Law is essential. This specialized tax regime, officially known as the Spanish Royal Decree-Law 687/2005, offers a host of advantages for foreign workers in Spain, potentially resulting in significant tax savings and regulatory benefits. In this comprehensive guide, we’ll delve into the

Blog, News06/04/2024
104

New 2024 Spanish Beckham Law for Expats

If you are thinking about moving to Spain to work, then you should check out the Beckham Law. Maybe you end up saving some money on taxes! The key of the special regime is that when you are taxed as a non-resident you will most likely end up paying less taxes than a “regular” tax

Blog, News06/04/2024
105

Tax considerations when purchasing property in Mallorca

As you consider purchasing a property in Mallorca (Spain), it is important to be mindful of the expenses that go beyond the asking price and regular maintenance fees. Understanding the tax implications of owning a property can save you from unexpected surprises. Investing time to understand the tax implications can yield significant benefits. You could

Blog, News31/03/2024
106

American Citizens Buying Property in Mallorca

Mallorca, the largest island in the Balearics, has long captivated the hearts of visitors from around the world with its stunning beaches, rich history, and vibrant culture. As an American citizen considering purchasing property in Mallorca, you may be wondering about the intricacies of the process and the unique factors to consider to start your

Blog, News30/03/2024
107

Balearic Islands eliminates inheritance and gift tax between close relatives

A full rebate is granted on acquisitions because of death, including those arising from agreements relating to succession. On July 18, the Governing Council of the Balearic Islands passed a decree law—Decree-Law 4/2023 (“DL 4/2023“)—that significantly changes the inheritance and gift tax (IGT) rules under Legislative Decree 1/2014, of June 6, which consolidates the legal provisions of the

Blog, News03/03/2024
108

Crackdown on False Tax Residency Abroad by Spanish Tax Authorities

The Ministry of Finance is set to intensify its focus on false tax residency outside of Spain, as outlined in the recently published guidelines for the Annual Tax Control Plan for 2024 in the Official State Gazette (BOE). Regarding the control of relevant assets, the BOE explains that accumulated experience has brought to light “extremely

Blog, News27/02/2024
109

End of UK Non-Dom Status Sparks Opportunity for Spain under Beckham Law

In a move that has sent ripples through the global financial community, the United Kingdom has announced its decision to abolish the non-domicile (non-dom) tax status by April 2025. This status, a cornerstone of the UK’s tax system for decades, has allowed individuals who reside in the UK but have their permanent home (domicile) outside

Blog, News23/01/2024
110

Mallorca reduces Wealth Tax

Spanish wealth tax has effectively been eliminated for most residents and property owners in the Balearics (Mallorca, Menorca and Ibiza). From this year onwards, only those with assets above €3 million will be liable for wealth tax. In welcome news, the government of the Balearic autonomous region announced significant changes to the wealth tax allowances

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