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by Michael Davies

News and opinion on European and Spanish regulations affecting ex-pats who retire, play or invest in Spain

Michael Davies is a Spanish lawyer specialised in probate, inheritance tax and inheritance related litigation for ex-pats in Spain.

2024 :INHERITANCE TAX REVOLUTION IN THE BALEARICS/GREAT NEWS FOR EXPATS WITH PROPERTIES IN THE REGION

6 May 2024

If you are an ex-pat with assets in the Baleares we have great news for you. It now boasts the Lowest inheritance tax in Spain. On the 18/7/2023 "The President of the Government, Margalida Prohens, announced: Fiscal Reform Decree Law for the abolition of the inheritance and gift tax (ISD) between parents and children, grandparents and
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Published in: Inheritance, probate, letters of administration, inheritance tax

Mojacar town hall reduces Plusvalía tax on inheritance

10 January 2024

Mojacar town hall has just reduced the Plusvalia tax you will have to pay if you inherit a property in Mojacar. The have introduced the following discounts: BIG DISCOUNT TO YOUR PLUSVALIA TAX BILL IF YOU INHERIT A PROPERTY IN MOJACAR. Those taxpayers who are the spouse, descendants, or ascendants by nature or adoption will
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Published in: Uncategorised, Inheritance, probate, letters of administration

Big reduction to Inheritance tax in the Canary Islands

10 January 2024

The Government of the Canary Islands has approved significant changes to the Inheritance and Gift Tax through Decree-Law 5/2023. Previously, the bonus in the Inheritance and Gift Tax was limited, but with the new modification, a 99.9% bonus is established without restrictions on the amount inherited . This measure benefits various groups of taxpayers, both
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Published in: inheritance tax

Since May of 2023 , big reduction to inheritance tax in the Valencia Region

2 August 2023

This article has been updated 2024 Very large reduction to inheritance tax in the Valencia Region. Basically no more inheritance tax for children, parents os spouse. The new president of Regional Government for the Valencia Region , Carlos Mazón, has reported on the agreements discussed in the first meeting of the Consell Plenary. The first
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Published in: inheritance tax

Baleares eliminates inheritance tax for children ,grandchildren and spouse

18 July 2023

As we announced when the P.P. and VOX formed government after winning the region elections in Baleares. Today 18th of July of 2022 , the President of the Balearic Government, Marga Prohens, has just announced the adjustment of the Inheritance and Donations Tax between parents and children, grandparents and grandchildren, and between spouses, both in
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Published in: Inheritance, probate, letters of administration

Inheritance tax in Tenerife

18 May 2023

Welcome to DAVIES ABOGADOS/SOLICITORS & BARRISTERS, where Michael Davies, an experienced bilingual Spanish lawyer specialised in handling wills and inheritance matters for foreigners since 1996, is dedicated to providing exceptional legal assistance to individuals inheriting or owning property in Tenerife, Spain. With a deep understanding of the complex inheritance tax regulations in the Canary Islands,
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Published in: inheritance tax

What to do When Someone Dies in Spain: A Guide for Expats

16 May 2023

Introduction: Losing a loved one is a difficult time, and if you're an expat in Spain, it's essential to know the necessary steps to take when someone passes away. This guide will provide you with clear instructions on what to do if a death occurs in Spain and help you navigate the process smoothly. Death
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Published in: Inheritance, probate, letters of administration

Inheritance from hell number 21

19 January 2023

In this video we explain the two worst mistakes we came across last year and how to avoid them yourself. 1. A will that left a small percentage of the estate to a children's with whom the testator had completely lost contact. /now he will not sign the acceptance or a renunciations . 2.During probate
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Published in: Inheritance, probate, letters of administration

I can not accept my Spanish inheritance because my co-beneficiary refuses to accept his share

18 January 2023

You may have been called to inherit in Spain and one of the co-beneficiaries, refuses to sign or collaborate. In this video we explain: Why would someone refuse to sign an estate if it has no debts ? What can the other beneficiaries do to accept the inheritance ? What should people making their wills
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Published in: Inheritance, probate, letters of administration

High net families moving away from Barcelona to Marbella , Malaga and Seville to save tax

13 October 2022

The three main reason why high net ex-pat families are moving from Barcelona to Malaga, Seville and Marbella Reason number 1: Inheritance tax. Reason number 2: Wealth tax. Reason number 3: Language. Find out more by watching the video. High net ex-pat families are moving from Barcelona to Marbella, Seville and Malaga to save inheritance
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Published in: inheritance tax

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