Spain Explained

A guide for foreigners on every aspect of safe property ownership in Spain

Posts filtered by Wills, donations and inheritance

Is it time to update your Spanish will?

You might have signed a Spanish will some time ago and think that it is now arranged. Indeed, your will is still in place and perfectly valid, but it is important to have its content and wording checked from time to time to ensure that it is in line with the latest law updates so […]

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Legal and tax lawyers in Spain: Why should you choose Ábaco Advisers?

Tax lawyers

As a client of Ábaco Taxes you are entitled to a number of ‘extras’. We want to make sure you are getting the full benefit from them. We explain how Abaco Online and our team of tax lawyers can help you keep in touch and informed. Benefits of choosing Ábaco as your legal and tax […]

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The transfer of property in Spain

transfer of property

It’s likely that you’re aware of various types of legal property transfers, like inheritance, gifting property to a spouse or other party, and naturally, sales. However, another type of transfer that is often of interest to our clients is the “extinction of co-ownership”, or for example, the transfer of property to an ex-spouse. Within the […]

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Spanish will: Advantages and the process

Wills in Spain

Making plans and arrangements for when you die isn’t easy. However, it is an important process to go through and perhaps even more so when you have property in another country. There are many differences in the way inheritance works in Spain in comparison to elsewhere. It is important that you know what it entails […]

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Inheritance tax in Spain: The complete guide

inheritance-tax-in-spain

One of the main concerns people have is the impact that having to pay inheritance tax might have on those they leave behind. How is inheritance tax applied in Spain? Inheritance tax is applied very differently in Spain to many other countries. To begin with, all beneficiaries must declare it, even the husband or wife […]

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Spanish inheritance tax calculators: Everything you need to know

Spanish inheritance tax calculator

Confusion about Spanish inheritance tax is rife on expat forums and on social media. This is because inheritance tax calculations are  based on numerous factors. Often, these variables are complex to determine, thus producing conflicting calculations. Furthermore, each autonomous region in Spain has different legislation in regard to inheritance, which creates important differences depending on […]

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Retiring to Spain from the UK: How it’s done

Retiring to Spain from UK

What could be better than living out one’s twilight years under the Spanish Sun? It is a dream come true for people who are reaching retirement age. The lifestyle, weather, entertainment and relatively cheaper property make retiring to Spain from the UK a very attractive prospect. However, make sure the process goes as smoothly as […]

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Understanding Spanish inheritance law

Spanish inheritance law is different from other European nations, so it’s important you understand the nuances when putting your affairs in order.  It might not be the most cheerful subject, but it is important that you make sure that you understand Spanish law when you’re writing your will. Taking action now can ensure that your […]

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Make your inheritance plans and take control

If you have property in Spain you will want to have arrangements in place so that everything goes smoothly when you die. It’s a difficult subject, but failing to look ahead can leave your inheritors with unexpected inheritance tax bills. Nobody is really prepared for a bereavement but unfortunately all legalities need to be completed […]

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Beating Brexit with donations

As we move closer to the Brexit due date many British people are increasingly anxious about what to expect. However, the reality is that even at this late stage, we don’t really know what will happen once Britain leaves the EU. What we do know is that we can’t expect it to be as easy […]

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Making your wishes known

Most people are aware of the importance of making a will. Ensuring that those you love receive the inheritance you’ve worked for is recognised as one of those tasks we should do in good time. However not many people are aware that you can also make a living will. A living will enables someone to […]

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Should I make a Spanish will?

Now, we interview our expert, María Wiedemann, from our Legal Department to find out just what the advantages are of making a will in Spain and what the disadvantages can be, if you don’t. Maria Wiedemann has been helping foreigners in Spain protect their assets for 16 years. As a qualified lawyer, she understands exactly […]

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Thinking ahead when it comes to inheritance

It’s not a subject that we like to talk about. However, not preparing for when you die can leave those you love with additional arrangements to make. Ábaco’s Inheritance Planning Pack can help answer those difficult questions and prepare for when the time comes. You have spent many years building up your assets through hard […]

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Leaving everything in order

If you have property in Spain you will want to have arrangements in place so that everything goes smoothly when you die. It’s a difficult subject, but failing to prepare can leave your inheritors with unexpected inheritance tax bills. We can all be reluctant to make plans for when we or a loved one dies. […]

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Executors in Spain

In the UK it is very common to have an executor, ‘albacea’ or ‘contador partidor´, to help ensure that your wishes are carried out when you die. However, in Spain this is much less frequent and executors are only usually named when a will is particularly complicated or where problems exist between heirs. The executor […]

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Four steps to managing your Spanish inheritance

You have enough to cope with when someone close to you dies without adding the additional complications that come with managing Spanish inheritance. In this article we suggest four steps you might take if Spanish property has been left to you. When someone close to you dies you have many emotions to deal with. No […]

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Abandoned property

The Spanish inheritance procedure is complicated and the requirement to pay Spanish inheritance tax can make the transfer of property more difficult. Making a Spanish will can help inheritors in the long run. You quite often see them in Spain. Abandoned properties, sometimes in the middle of nowhere but they can also be on urbanisations […]

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Inheritors at different levels

In Spain there are different levels of allowance you can receive before inheritance tax must be paid. The allowance is dependent upon the inheritor’s relationship to the deceased. This article provides information about the different inheritance groups. It comes as a surprise to some people. Not only is inheritance tax applied in Spain but inheritors […]

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Inheritance claims and power of attorney

Could your dreams of enjoying Spain, its climate and lifestyle, be taken over by a series of unfortunate events? We plan for our retirement, we look forward to putting the alarm clock away and then – we’ve all heard the stories, “He had his retirement party on the Friday, was dead on the Saturday.” It […]

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7 answers to 7 questions making a Spanish will

It’s a difficult but very important subject. We recommend to all our clients that at some point they make a Will in Spain, even if they have made provision in their home country. Here we list some frequently asked questions to help you take that step forward when contemplating making a Spanish will: I have […]

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Don’t let your inheritors get caught out

When a loved one dies that last thing you want is to struggle settling inheritance issues. Unfortunately, in Spain, the differences in procedures and laws can mean that inheritors have difficulty in managing the inheritance process. One of the surprises that foreigners with property here encounter is when it comes to selling the property. Unlike […]

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Time frame to complete the Inheritance process in Spain

Nobody is really prepared for a bereavement, but unfortunately all legalities need to be completed within a certain time limit. In our country there is no transfer of ownership from deceased to inheritor automatically upon decease, on the contrary in Spain it is necessary to sign a new title deed where the estate registered in […]

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Make sure you meet the inheritance deadline

When someone close to you dies the last thing you want to have to think about are the legal arrangements. Unfortunately, however great the pain might be, time is already ticking on the inheritance process. Many people who have a property interest in Spain are not aware that all the legalities must be completed within […]

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Positive trends for inheritance and donation tax

Residents and non-residents inheriting or donating property in Spain used to be treated differently when it came to tax. However, following pressure from the European Commission, a modified law was passed on 28th November 2014. This brought to an end the tax discrimination there had been against non-residents living in the European Union with property […]

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Spanish Inheritance tax near to disappear in Andalucia

Until recently residents and non-residents inheriting property in Spain were treated differently when it came to inheritance tax. However, following pressure from the European Commission a modified law was passed on the 28th November 2014. This meant that for all inheritance transactions and donations after January 1st 2015, non-residents could not be discriminated against when […]

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