Tool 06 · Killer differentiator · Free
Personal, Spanish SL, or Dutch BV?
Three structures scored on concrete annual € impact: rental tax, distribution friction, ITSGF exposure, setup + ongoing cost, succession, and audit/privacy.
Inputs
Recommended structure
personal
Based on €2,000,000 wealth, 1 property, and 10-year planning horizon.
Cumulative tax + filing cost over 10 years
Lower is better. Cost = annual rental tax + ITSGF exposure + filings + one-time setup.
Side-by-side comparison
| Item | Personal | Spanish SL | Dutch BV → SL |
|---|---|---|---|
| Annual rental tax | €4,655 | €5,688 | €5,712 |
| ITSGF (Solidarity Tax) | €0 | €0 | €0 |
| Annual filings / accounting | €600 | €2,400 | €5,000 |
| Setup cost (one-off) | €0 | €3,000 | €8,000 |
| CGT rate on sale | 19% | 25% | 19% |
| Dividend / distribution | N/A | 19% upon distribution | 15% NL treaty rate |
| Total annual | €5,255 | €8,088 | €10,712 |
| 10-year total | €52,550 | €83,875 | €115,120 |
Read across each row to compare a single dimension between the three structures. Excludes capital-gains tax on exit (run the Hold + Exit tool for that).
Reasoning
- • Below the €3M ITSGF threshold — corporate structures less compelling on tax grounds alone.
- • Active rental income: SL gives access to corporate tax regime + deductible expenses.
Score breakdown
- Personal (EU non-resident)
- 40 / 50
- Spanish SL
- 30 / 50
- Dutch BV → Spanish SL
- 0 / 50
V1 simplified — headline IRPF/IS/IRNR rates + 2025 ITSGF brackets. Real-world decisions depend on your wider asset mix, NL tax history, and exit timing. Talk to a Spanish gestor + Dutch belastingadviseur before committing.
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