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Inheritance tax in Andalucia: Exemptions have been increased for group I and II heirs (spouse and descendants) Last year the Andalucia Parliament informed they would reduce inheritance tax by increasing exemption in Andalucia. They informed that they would only do this if the budget for 2017 permitted this to happen. Well the good news is
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FIVE RECOMMENDATIONS THAT WE MAKE TO OUR CLIENTS AFTER THEY HAVE PURCHASED IN SPAIN. 1.Do not become a tax resident of Spain before discussing all the pros and cons with your solicitor . It may or not be in your interest depending on your circumstances and to join the system is a half an hour
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Q. My father has left his villa in Spain to my brother and me but has left the life posseion “USUFRUCTO VITALICIO” in favour of his second wife (not our mother ). Her Spanish solicitor is asking us to go to Spain to sign the acceptance deed. What is all this about? A. What your
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The European Court of Justice has told Spain that it can not charge non residents of Spain more Inheritance tax than residents (as long as they are from the European Union).
European Union Directive establishes that if you are a resident in Spain and wish to avoid the Spanish system of obligatory heirs (that establishes that 2/3rds of your estate has to go directly to your
children ) you must make an express choice of your national law when signing your Spanish will.
Question: I jointly own a property in Spain with somebody I no longer get on with. If I buy him out what tax would i have to pay on the transaction. What happens if he simply refuses to do anything (sell, buy me out or I buy him out). Answer: The best option would be
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FIVE RECOMMENDATIONS THAT WE ALWAYS MAKE TO OUR CLIENTS AFTER THEY HAVE PURCHASED IN SPAIN. Do not become a tax resident of Spain before discussing all the pros and cons with your solicitor . It may or not be in your interest depending on your circumstances and to join the system is a half an
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If you are interested in purchasing a property on the Costa del Sol we suggest you take the following steps. Establish a budget. Decide what type of property you are actually looking for: a flat , a villa , a penthouse , a farmhouse, a city flat. Decide what you are looking for because they
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Do not underestimate the importance of signing one. It is extremely important that if you have a property in Spain you have a Spanish will. If you already have one, make sure it complies with new European Directive 650/2012 which came into force on the 17th of August of 2015. For more information about the
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