Marbella’s luxury real estate market offers significant tax benefits for investors who plan wisely. Here are the key advantages to keep in mind:
Tax Treaties and Double Taxation Agreements
Spain has established agreements with many countries to avoid double taxation on rental income and capital gains. Understanding these treaties can help you structure your investments efficiently.
Deductions for Rental Properties
If you plan to rent out your property, you can benefit from deductions on expenses like maintenance, repairs, and mortgage interest. These savings can significantly enhance your rental income.
Special Schemes for Non-Residents
Spain’s Beckham Law allows high-income earners to pay a flat tax rate on Spanish income. Establishing residency can also unlock additional tax advantages.
Conclusion
Consulting a tax advisor is crucial to fully leverage Marbella’s tax benefits. With the right strategy, you can maximize your returns and enjoy the financial perks of investing in this sought-after location.