Excellent news: Inheritance tax discrimination of non residents has come to an end, but you must claim it when you file your inheritance tax returns as the tax office will not offer it to you unless you do. Make sure that when you file your inheritance tax as a non resident beneficiary that your solicitor
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LEGAL CORNER: By Michael Davies. Abogado/Solicitor. If you wish us to print an article about a particular topic, please e-mail info@daviessolicitors.com Q. I have received a letter from the tax office demanding I pay non resident income tax, and that I must pay up for the last four years. I have never made any income
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Spanish probate .Spanish inheritance . Valuations of real estate .If you inherit a property in Spain, it is essential that the real estate is valued correctly. The legal obligation is to value the property at market value. Now that inheritance tax in Andalucía is so advantageous the biggest mistakes we see lately are generally to
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When you purchase a second hand property at a bargain price ask your solicitor to make sure that after you have purchased and paid your 8% transfer tax you will not received a further bill from the transfer tax office. With falling prices it is becoming frequent for the transfer tax office to ask for
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Q. My husband deceased a year ago in the u.k. while on holiday even though we have both residen in Mojacar for over 20 year . He has left me half of a villa and a bank account (both in Mojacar). The total value of the estate was just over 120000 euro, and I paid
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Last Sunday the financial paper “Expansion” explained that the Spanish banks have presently got over 150000 properties for sale with discounts of up to 60%. Unlike the last credit crunch back in the nineties , this time it is relatively easy for the public to have access to these opportunities. The banks have all set
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POWER OF ATTORNEY. A power of attorney used correctly and in the correct hands is an extremely useful instrument to deal with different situations. Their are different kinds of powers of attorney depending on various factors. DEPENDING ON THE FACULTIES. The power of attorney can be made for everything “General Power of attorney” “Poder General”
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Legal Corner. By Michael Davies. Abogado/Solicitor. Does a non -resident (of Spain ) heir pay inheritance tax in Spain of funds left to him in Jersey by a resident in Spain? Question: My deceased father (a resident in Mojacar) made a will leaving his worldwide assets to me (I am resident in London). The estate
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