This post has been updated as the tax reduction has now taken place.Click to visit the latest update on Inheritance tax reductions in Andalucía.
This post has been updated as the tax reduction has now taken place.Click to visit the latest update on Inheritance tax reductions in Andalucía.
Brexit and Inheritance tax: Non residents will pay more inheritance tax after Brexit.
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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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).
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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The inheritance tax your heirs will pay can be very different depending on where in Spain you purchase. We are not recommending you decide where to purchase based exclusively on where you pay less inheritnace tax but if you are going to make a substantial investment (300000 euro or more) it should definitely be taken into
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LEGAL CORNER. If you wish us to print an article about a particular topic, please e-mail info@daviessolicitors.com QUESTION. My wife and myself are resident in Marbella. I have the house where we live in plus 11 rental properties. (3 in Sevilla, 2 in Marbella and 6 in Javea ). The total value of these assets is about
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