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
Read more
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
Read more
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
Read more
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
Read more
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”
Read more
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
Read more
Case C-127/12 establishes that Spain must stop discriminating against non-resident heirs. On the 3rd of September 2014, the ECJ entered/made a judgment resolving that the Spanish Inheritance Tax imposes restrictions on the free movement of capital, one of the fundamental principles of the EU’s Single Market. More precisely, as stated by the ECJ decision, the
Read more