Stalwart wealth management

Stalwart Wealth Management offers advice to both individuals and companies, with the emphasis on customer service.

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Am I entitled to any income tax allowances in Spain?

General Allowance €5,151
General Allowance (65+) €6,069
General Allowance (75+) €6,273
Dependent Children
(Under 25 or disabled, and single)
1st €1,836
2nd €2,040
3rd €3,672
4th plus + €4,182
Cildren under 3 + €2,244
Dependent Relatives
(Living in taxpayers home with
own income less than €8,000 pa)
Aged 65 + (or disabled) €918
Aged 75+ (or disabled) €2,040
Incapacity > 33% Handicapped €2,316
> 65% Handicapped €7,038
Attendance Allowance > 65% Handicapped €2,316
Earnings Allowance Max if income < €9,180 €4,080
Min if income > €13,260 €2,652

In addition to the above allowances, residents are also entitled to make the following deductions:

  1. Payments to the Spanish Social Security System.
  2. Qualifying pension contributions. The limit for the under 50s is €10,000 and for the over 50s the limit is €12,500.
  3. Maintenance payments made under a court order to a former spouse, but not payments for the benefit of a child.
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Stalwart Wealth Management SL
Avenida Federico Garcia Lorca, 53A - 03179 - Benijofar (Alicante) Spain - Tel +34 965 705 502 - Fax + 34 965 705 465