How to avoid the Spanish system of obligatory heirs and leave your assets to your spouse

21 September 2022

How to avoid the Spanish system of obligatory heirs and leave all your assets to your spouse

Published in: Uncategorised

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Inheritance tax planning : Sometimes we may simply recommend getting married.

21 September 2022

Get married to save inheritance tax. Sometimes the best estate planning we give is to recommend our client to get married. Good estate planning advice is not always about complex legal structures. It is more about saving as much as possible while keeping things as simple as possible. Complexity is sometimes required , but it
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Published in: inheritance tax, Inheritance, probate, letters of administration

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Wealth tax has just been abolished in Andalucia

21 September 2022

The regional government of Andalucía has today announced that they are scrapping wealth tax in Andalucía. This is fantastic news for those that where paying it, but also for everybody else that will benefit from even more foreign investors moving to what was already the best region in Spain both for retirement and investment. If
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Published in: buying a property in Spain ,conveyancing

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How to avoid the Spanish system of obligatory heirs ?

28 July 2022

Did you know that Spanish people with children can not leave their estate to their spouse ? Spanish people have to leave almost 2/3rd of their estate directly to their children . How can British people avoid this system and leave everything to their spouse as they would in the U.K. In this short video
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Published in: directive 650/2012, wills/estate planning

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How much is inheritance tax in the Balearics ?

25 July 2022

How much is inheritance tax in the Balearics? In this short video Michael Davies , a Spanish lawyer with over 25 years experience handling estates for ex-pats all over Spain explains how much the beneficiaries will pay if they inherit a property in Ibiza, Mallorca, Menorca or Formentera. How much is inheritance tax in the
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Published in: inheritance tax

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Plusvalía tax has been reinstated again

16 February 2022

After Plusvalia tax being declared unconstitutional on the 26th of October 2021 due to the method used for it’s calculation on the 9th of November the government have reinstated it with a new calculation method. The question is what happens to plusvalía tax in relation to deaths, sales or donations  between the 26th of October
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Published in: Uncategorised

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ECJ has declared the 720 declaration and it’s fines illegal

31 January 2022

Some Fantastic news: The ECJ has just declared the Declaration of assets abroad form and it's medieval penalties and fines illegal. The  full transcript of the full  press release from the ECJ in English can be found below. If you can not bother just watch my quick video. We now have to wait to see
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Published in: 720 form

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Spanish court has just declared the end of Plusvalía tax

27 October 2021

Update: Please note that the tax office has now reinstated this tax with a different method of calculation. The Spanish courts yesterday 26/10/21  abolished Plusvalía tax in Spain on sales, inheritance , donations and any other form of transfer of ownership .  Three or four years ago we wrote about how the courts told the
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Published in: Conveyancing selling property, Uncategorised

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Transfer tax has been reduced in Andalucia

29 April 2021

Michael Davies from Davies Abogados/Solicitors & Barristers explains the reduction in transfer tax that was announced yesterday 28th of April  by surprise and that is valid for all purchases starting 29th of January until the end of the year. Reduction to transfer tax in Andalucía for all properties purchased by deed yesterday 28th of April
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Published in: buying a property in Spain ,conveyancing

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CAIXABANK IS TAKING OVER BANKIA

7 April 2021

As many of you have not been able to come to Spain for some time you or may not  have heard that last week Caixa bank purchased Bankia bank. Many of you have an account with one of these two banks. This is how the takeover will affect you.   Change to account numbers. If you
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Published in: Spanish banks

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