A first principles approach, based on the real space multiple scattering Green's function method, is presented for spin-and angle-resolved resonant photoemission from magnetic surfaces. It is applied to the Fe(010) valence band photoemission excited with circularly polarized X-rays around the Fe L3 absorption edge. When the photon energy is swept through the Fe 2p − 3d resonance, the valence band spectra are strongly modified in terms of absolute and relative peak intensities, degree of spin-polarization and light polarization dependence. New peaks in the spin-polarized spectra are identified as spin-flip transitions induced by exchange decay of spin-mixed core-holes. By comparison with single atom and band structure data, it is shown that both intra-atomic and multiple scattering effects strongly influence the spectra. We show how the different features linked to states of different orbital symmetry in the d band are differently enhanced by the resonant effect. The appearance and origin of circular dichroism and spin polarization are analyzed for different geometries of light incidence and electron emission direction, providing guidelines for future experiments.PACS numbers: 78.20. Bh, 78.20.Ls, In the last decade, magnetic circular dichroism (MCD) and spin polarization studies in resonant inelastic X-ray scattering (RIXS) and resonant photoemission (RPES) have acquired great importance in the study of magnetic and correlated materials. Such spectroscopies probe respectively the radiative and non radiative autoionization decay of a core hole, and the signal can be strongly enhanced with respect to the non resonant mode. The element and orbital selectivity of core level resonant spectroscopies allows to access higher order multipoles which are left unexplored by MCD in X-ray absorption (XAS) [1][2][3][4][5][6], to distinguish and enhance specific electronic excitations and satellites [7,8], collective magnetic excitations [9], ultrafast and charge transfer dynamics [10][11][12] and to detect quadrupolar transitions towards localized empty states [13,14]. In particular, RPES has recently been applied to several correlated materials [15][16][17][18][19] and full two dimensional angular scans of resonantly emitted electrons in moderately correlated materials have also been carried out [20,21]. These works, together with earlier pioneering studies [22,23] on local magnetic properties in macroscopically non magnetic systems, demonstrate the importance of RPES and the need for an advancement in the theoretical description of this spectroscopy, which is the main aim of this work.RPES is in principle an autoionization channel of the * Electronic address: fabiana.dapieve@gmail.com more general process called resonant Auger decay. Depending on whether the core-excited electron participates or not in the Auger decay, the process is termed either participator or spectator channel. In the participator channel the one hole final state is degenerate with the one in direct valence band photoemission (PES, or ARPES if angle reso...