Probate lawyer Michael Davies writes about legal issues affecting ex-pats in Spain

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by Michael Davies

News and opinion on European and Spanish regulations affecting ex-pats who retire, play or invest in Spain

Michael Davies is a Spanish lawyer specialised in probate, inheritance tax and inheritance related litigation for ex-pats in Spain.

2024 guideline for Inheritance tax for ex-pats in the Valencia region: Alicante, Javea, Moraira etc.

18 January 2021

Congratulations to Valencia for their big reduction to inheritance tax / Better late than never. If you are going to leave your assets in the Valencia region to your Spouse or your children living in Valencia or back in the U.K. , Ireland , U.S.A. or Australia they will pay almost NO inheritance tax .
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Published in: inheritance tax

Cost and procedure to make a Spanish will in our Almeria and Mojacar offices. Updated 2020

29 January 2015

THE COST OF SPANISH WILL ARRANGED AT OUR OFFICES IN MOJACAR OR ALMERIA. UPDATED 2020 If you have never made a will in Spain before . Solicitors fee 200 euro plus V.A.T each will and notary fee aprox. 60 euro each will. This fee will be slightly more if your assets in Spain are worth
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Published in: wills/estate planning

2024 Guideline Inheritance tax for ex-pats in Andalucia

2 January 2021

If you are a beneficiary resident in Andalucía (Malaga, Marbella, Almeria, Sevilla etc ) these are the taxes that you will pay. Andalucia has created extra exemption for inheritance tax not available in other regions of Spain. The result of these inheritance tax exemptions is that if you inherit from your spouse or parent, the
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Published in: inheritance tax

Spanish inheritance tax discrimination of non resident has come to an end.

9 January 2015

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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Published in: inheritance tax

Fiscal representation. Non resident income tax returns

7 January 2015

LEGAL CORNER: By Michael Davies. Abogado/Solicitor. If you wish us to print an article about a particular topic, please e-mail [email protected] 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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Published in: fiscal representation

Spanish probate , Spanish inheritance tax : value the properties correctly

5 January 2015

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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Published in: inheritance tax

Spanish property purchase: Careful with transfer tax

5 January 2015

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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Published in: buying a property in Spain ,conveyancing

Non resident tax. How is it calculated if there is no income?

4 January 2015

A lot of people find it difficult to understand that they have to pay non resident income tax when they are not actually renting their property out, but the fact is that all non residents who own a property in Spain have to present a non resident tax returns and pay some tax even if
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Published in: fiscal representation

Inheritance : If you wish to claim the 175000 euro exemption in Andalucia make sure you prove you and the deceased where residents or you will have problems.

19 December 2014

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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Published in: Inheritance, probate, letters of administration

Banks selling property at huge discounts

9 December 2014

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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Published in: buying a property in Spain ,conveyancing

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