Below we offer some very basic points on tax in Spain for residents and non-residents. It is every person’s obligation to pay the correct amount of tax; not one euro less nor one euro more! Tony Robbins. Tax is stressful. Tax in Spain is worse. Anyone who has had any dealings with the Agencia Tributaria (The Spanish tax authority) will… Read more »
A simple Donation (early inheritance)
We received this enquiry today (Monday 17/6). It’s an interesting enquiry and one we see daily. So we thought the information may be interesting for: Expats looking to save their heirs tens of thousands of euro in inheritance taxes after their day.( a few privacy changes have been made to the email) Good morning Nicola, I received your details from… Read more »
How to be prepared for an Inheritance Process
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 »
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 »
How Children Inherit Property in Spain
We had an enquiry from a walk in client this week regarding passing 50% of his Spanish property to his son now as then he thought it would make it automatic that his son inherits when he dies. This was our email to him today as this was not quite right,given that Spanish and UK law are different. Dear X,… Read more »
Have you paid too much Inheritance tax unfairly and are entitled to a refund?
Have you paid too much Inheritance tax unfairly and are entitled to a refund? Spanish Inheritance and Gift Tax Reclaim Please note this only applies to non residents of Spain, and you are within 4 years of when you paid inheritance tax, and you have the paperwork. We do not want our clients to forget that the laws regarding inheritance… Read more »
Our first winning resolution on Spanish inheritance and donation tax!
In September 2014 the European Court of Justice ruled that Spain could no longer charge non-residents of Spain more inheritance tax or donation tax than a resident of Spain would pay. This was a massive landmark ruling with an effect on all non-resident property owners in Spain, and especially those who have paid inheritance tax or donation tax in Spain… Read more »