taxesA Guide To Capital Gains Tax In Spain

They say that there are only two things guaranteed in life; death and taxes. If you are living in Spain, it's no different, although you could also add sunshine to that list.

When it comes to personal taxes, capital gains is one that you should be aware of, especially if you are a property owner, resident or non-resident.

What is Capital Gains Tax?

Capital gains tax is the tax you pay on the sale of a property, investment or asset when it has increased in value since your first acquired it.

Capital gains tax in Spain is classed as 'savings income' or Rental del Ahorro.

spain-constructionBritish Prime Minister, Theresa May triggered Article 50 on 29th March 2017. Faced with negotiations for Brexit spanning several years, there have been concerns of a knock-on effect on British purchases of Spanish property. Many Brits may well be feeling cautious now that the UK is preparing to withdraw from the EU, but among the trepidation there are a number of reasons to remain optimistic.

3 Reasons the Spanish Property Market Will Bounce Back

Reason #1 - Pound to Bounce Back After the Election?

In-spite of dire predictions, it seems the pound hasn't fared as badly as people feared. In fact, since Mrs May announced a snap general election on 8th June 2017, the pound has recovered a little and the exchange rate between the pound and the Euro has continued to strengthen.

coughing-womanWhat is COPD?

A number of progressive lung diseases are categorised by medical experts under the single broad term, Chronic Obstructive Pulmonary Disease (COPD). These diseases include emphysema, chronic bronchitis, refractory (non-reversible) asthma, and some forms of bronchiectasis. COPD is categorized as a disease that increases breathlessness.

Unfortunately, people tend not to notice the onset of COPD, imagining that slight breathlessness and coughing are just a natural part of getting old, especially if they are unfit or less active for example, or they smoke. In fact, COPD can develop over many years without any symptoms. Breathing problems are apt to get progressively worse over time and can limit regular activities, although treatment can help keep the condition under control, and early screening can identify COPD before a noticeable loss of lung function.