If you are an ex-pat with assets in the Baleares we have great news for you. It now boasts the Lowest inheritance tax in Spain. On the 18/7/2023 "The President of the Government, Margalida Prohens, announced: Fiscal Reform Decree Law for the abolition of the inheritance and gift tax (ISD) between parents and children, grandparents and
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The Government of the Canary Islands has approved significant changes to the Inheritance and Gift Tax through Decree-Law 5/2023. Previously, the bonus in the Inheritance and Gift Tax was limited, but with the new modification, a 99.9% bonus is established without restrictions on the amount inherited . This measure benefits various groups of taxpayers, both
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This article has been updated 2024 Very large reduction to inheritance tax in the Valencia Region. Basically no more inheritance tax for children, parents os spouse. The new president of  Regional Government  for the Valencia Region , Carlos Mazón, has reported on the agreements discussed in the first meeting of the Consell Plenary. The first
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Welcome to DAVIES ABOGADOS/SOLICITORS & BARRISTERS, where Michael Davies, an experienced bilingual Spanish lawyer specialised in handling wills and inheritance matters for foreigners since 1996, is dedicated to providing exceptional legal assistance to individuals inheriting or owning property in Tenerife, Spain. With a deep understanding of the complex inheritance tax regulations in the Canary Islands,
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The three main reason why  high net ex-pat  families are moving from Barcelona to Malaga, Seville and Marbella Reason number 1: Inheritance tax. Reason number 2: Wealth tax. Reason number 3: Language. Find out more by watching the video. High net ex-pat families are moving from Barcelona to Marbella, Seville and Malaga to save inheritance
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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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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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Andalucía inheritance tax: The most beautiful region in Spain (the food, the weather, the culture, the people, the golf, the good medical facilities etc etc. ) now offers one of the best inheritance tax deals in the world.  After the latest changes 90% of people inheriting in Andalucia will not pay inheritance tax.  Michael Davies
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Inheritance tax in Andalucia: Exemptions have been increased for group I and II heirs (spouse and descendants) In September of 2017 we informed of the political agreement to reduce inheritance tax in Andalucía in 2018. Well, the good news is that  since the 1st of January of 2018  the new increased exemptions are now in
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