Anyone spending more than 183 days a year in Spain is classified as a tax resident by the Spanish tax authority, Hacienda, and becomes liable to pay taxes in Spain. The rule involves 30 key considerations, covering everything from how days are counted to the implications for personal assets and potential obligations in your home country. Hacienda has several tools at its disposal to verify residency, including flight records and banking activity. For international buyers at the Costa Blanca who plan to spend extended periods in Spain, a thorough understanding of this rule is essential. Consulting a qualified tax adviser well in advance is strongly recommended to avoid unexpected fiscal consequences.

Source: SpanjeVandaag

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