COVID has changed the way we have been living when it appeared back between January and March in Spain and around the world. In the middle of this current situation, in which Spain is one the countries most affected by the spread of the virus, the Government has announced some measures to slow down the negative effects of this crisis.
Part of these new measures are the regulations that may affect foreign people, whether they have the resident card or not. One example of a tax that may have changed is the Spanish Inheritance Tax.
Due to these modifications, it is important that people seek for professional help. Finding the right lawyers is essential nowadays to resolve the following changes that you need to face currently.
Extensions on the Limit Date for Declarations
Autonomous Communities and provinces in Spain are changing different laws based on their necessities. For instance, the Government of Andalucía has approved a Decree-Law (3/2020, of 16 March) to launch several actions to tackle the effects of COVID-19.
If you live or have properties in this region, you may be interested in looking for help. To give you an useful example, you can find the best solicitors in Marbella, who can guide you with your finances or give tax support.
To sum up, taxes like the Inheritance Tax, the Tax on Property Transfer and Rentals and the Tax on the Realisation of Documented Acts, have been extended for more time for submission and payment, in case these had been due at the beginning of the pandemic.
Now, the deadline for payments has been determined to be one month after the day on which the Government ended the state of emergency and the lockdown. Besides, there are laws that allow an extension for 3 additional months about the deadline of some taxes’s payments.
Changes in Laws About Housing
Facing this pandemic has brought changes in the laws related to housing. These laws allow now to freeze temporarily the mortgage payments.
This measure is since a big amount of citizens suffered, and still are suffering, a reduction in their income. Even a big amount of people have lost their jobs or are expecting to be unemployed soon due to the new wave of spread of the virus.
The same measure is being applied for access to utilities. During this crisis, the most vulnerable families have had the right to keep having electricity, water or natural gas.
Modifications to Make Payments
In order to make the periodic declarations, these have been submitted in line with calendar quarterlies. Making these declarations affect both groups of people, resident and non-residents, as long as they have properties or have bought, inherited or donated property in our country in the last months.
Another important measure approved in the wake of the COVID by local governments has been to extend the deadline for payment of taxes such as the IBI tax, garbage fees, Tax on Gains in Value of Urban Land (municipal capital gains), and other of the Town Hall have approved a customized payment for some of the municipality tax as IBI or the Municipal Gapital gains.
Even though we have brought you some news, we highly recommend stay in touch with experts, to avoid possible complications.