Reselling Concert Tickets in Spain: Know the Risks Before You Buy

Spain: Reselling Concert Tickets Risks Heavy Fines Buying and reselling concert tickets for profit is a popular practice, but in Spain, it could land you in hot water. Finance expert Rocío Chipont warns of hefty fines for those who engage in this activity without proper declaration. According to Royal Decree 2816/1992, reselling tickets can result in serious administrative infractions. "The penalties can be substantial," Chipont explains in a recent video. Furthermore, she highlights that selling any used item exceeding €2000 requires a tax declaration to the Spanish tax agency, Hacienda. This legal requirement often goes unnoticed by those involved in the resale market. Chipont's video serves as a timely reminder for those looking to profit from the secondary market for concert tickets and other goods, urging caution and compliance with Spanish regulations.