Also other Important Interesting Points (Inheritance and Property Ownership.) We recently had a case whereby a gentleman came to us for help with completing an inheritance from his wife to him, after she had passed away in Spain. There was just a bank account. When we asked him if his wife had any other assets in Spain to take into consideration,… Read more »
What unexpected services do we provide?
1) Legal – I wonder if sometimes people think we mainly deal with administrative bureaucracy such as sorting water, electric and paperwork problems. We do far more than that. We have had a lawyer working with us over ten years, and now have two lawyers working with us. Besides dealing with conveyancing (or the legal assistance when buying or selling… Read more »
Large Credit to a Joint Bank account – a Gift or Donation for Spanish Tax?
A Large Credit to a Bank Account in Spain If you, for example, have a joint bank account in La Zenia, Spain, and you want to send a large sum of money to it, do you understand how it will be viewed by the Spanish Tax Authorities? Often we assume that the law in Spain is the same as the law… Read more »
Important Spanish Inheritance and Gift Tax Update admidst Brexit Uncertainty
Many of you will not realise that inheritance and gift tax in Spain is decided at government levels but also by each region. Each region of Spain is autonomous and so can apply their own tax reductions to inheritances and gifts. This is very important to know as in Spain, a property is generally not owned in the same way as… Read more »
Inheritance and Donation Tax in the Valencian Community
We have explained many times how there are taxes in Spain on the transfer of assets when a person dies (inheritance) and also on the transfer of assets when a person gifts them to another (donations), as there have been a number of changes in recent years. As Inheritance and Donation tax is collected and managed by the Autonomous Communities… Read more »
Inheritance Tax in Spain
We’ve recently bought our house and have been advised that we need a Spanish Will. However, what is the position with regard to inheritance tax? Wills We would definitely advise you to make a Spanish Will as otherwise getting an Irish or British Will recognised in Spain will only incur expense, frustration and delays to your beneficiaries, as they would… Read more »