Selling expenses: Plusvalía tax: Recent sentence by the Spanish Constitutional court (sentence of 16th of February of 2017).This sentence only refers to the Basque Country, but the writing is on the wall. We are expecting a sentence soon from the same Courts referring to the rest of Spain. You may not have to pay this tax when you
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When you finish paying your Spanish mortgage do not forget that you need to ask the bank to sign the cancelation deed and present it to the property register. Do not wait until you need to sell the property
If you are an ex-pat in Spain these are the 11 most important things to consider in relation to Estate planning and wills .
Inheritance tax in Andalucia: Exemptions have been increased for group I and II heirs (spouse and descendants) Last year the Andalucia Parliament informed they would reduce inheritance tax by increasing exemption in Andalucia. They informed that they would only do this if the budget for 2017 permitted this to happen. Well the good news is
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FIVE RECOMMENDATIONS THAT WE MAKE TO OUR CLIENTS AFTER THEY HAVE PURCHASED IN SPAIN. 1.Do not become a tax resident of Spain before discussing all the pros and cons with your solicitor . It may or not be in your interest depending on your circumstances and to join the system is a half an hour
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Q. My father has left his villa in Spain to my brother and me but has left the life posseion “USUFRUCTO VITALICIO” in favour of his second wife (not our mother ). Her Spanish solicitor is asking us to go to Spain to sign the acceptance deed. What is all this about? A. What your
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The European Court of Justice has told Spain that it can not charge non residents of Spain more Inheritance tax than residents (as long as they are from the European Union).
European Union Directive establishes that if you are a resident in Spain and wish to avoid the Spanish system of obligatory heirs (that establishes that 2/3rds of your estate has to go directly to your
children ) you must make an express choice of your national law when signing your Spanish will.