Are you ready for another tax year? It’s the time of year to collect all of your documents for your annual tax return. Our tax advisers in Spanish Solutions will help you to prepare everything on time but here there are a few key details you should know in advance: When do I have to submit my tax return? We… 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 »
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 »
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 »
Dividing Joint Property Ownership in Spain
Do you own your property jointly with your spouse, friend, partner or anyone and wish to change this situation? Many clients have asked about this over the year. Changing the ownership of a property does not always have to be done as a purchase of a share and a sale of a share. There is a way of dividing joint… Read more »