Posts filtered by Wills, donations and inheritance
Last updated on March 19th, 2020 at 01:57 pm. 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 […]
Read moreLast updated on March 19th, 2020 at 01:58 pm. 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 […]
Read moreLast updated on March 19th, 2020 at 01:58 pm. 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 […]
Read moreLast updated on March 19th, 2020 at 01:58 pm. 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 […]
Read moreLast updated on March 19th, 2020 at 01:59 pm. 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 […]
Read moreLast updated on March 19th, 2020 at 02:02 pm. 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 […]
Read moreLast updated on March 19th, 2020 at 02:04 pm. 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 […]
Read moreLast updated on March 19th, 2020 at 02:04 pm. 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 […]
Read moreLast updated on March 19th, 2020 at 02:04 pm. 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 […]
Read moreLast updated on March 19th, 2020 at 02:04 pm. 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 […]
Read moreLast updated on March 19th, 2020 at 02:05 pm. 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 […]
Read moreLast updated on March 19th, 2020 at 02:05 pm. Making sure your loved ones benefit from your hard-earned money is a priority for the majority. You can’t take it with you but it’s nice to have control over who you’re leaving it to. For some, ‘gifting’ their property seems like the best option. It means […]
Read moreLast updated on March 19th, 2020 at 02:05 pm. If you have property in Spain you will be keen to ensure that your inheritors are not burdened with a large Spanish inheritance tax bill when you die. Leaving property in Spain brings different tax requirements to what you might be used to in your home […]
Read moreLast updated on March 19th, 2020 at 02:05 pm. We have written before about the benefits of donating or ‘gifting’ your assets rather than bequeathing them when you die. ‘Donación de bienes’ is an alternative way of handing over your property which has a number of benefits. Arranging this handover sooner rather than later means […]
Read moreLast updated on March 19th, 2020 at 02:06 pm. Making sure your loved ones benefit from your hard-earned money is a priority for the majority. You can’t take it with you but it’s nice to have control over who you’re leaving it to. For some, ‘gifting’ their property seems like the best option, particularly now […]
Read moreLast updated on March 19th, 2020 at 02:06 pm. Most of our British clients are worried about the implications of Brexit. In this article we look at some possible tax consequences in Spain; helping you take matters in hand and provide peace of mind for you and your family. Have you ever considered donating […]
Read moreLast updated on March 19th, 2020 at 03:09 pm. As speculation continues into the implications of severing ties with Europe, there are some emerging realities that we should already be contemplating. The impact on donation and inheritance tax in Spain is one. There are many imponderables when it comes to considering what the implications of […]
Read moreLast updated on March 19th, 2020 at 03:10 pm. Two changes within Spanish law have meant that our inheritance department has been very busy this year. In our question and answer section we try to address some of the queries that we have been receiving. I would like to donate my property in Spain to […]
Read moreLast updated on March 19th, 2020 at 03:10 pm. Inheritance in Spain works very differently to how it works in many other countries. For example, even between spouses there is no automatic transfer of ownership. If one of you should die then the remaining spouse does not automatically inherit the deceased spouse’s share of the […]
Read moreLast updated on March 19th, 2020 at 03:11 pm. Some people make a choice that they would rather donate their property in Spain to family or friends rather than pass it on as inheritance when they die. Taking this decision needs careful consideration. However, if it is your preference then it can be done for […]
Read moreLast updated on March 19th, 2020 at 03:11 pm. A new inheritance law has been causing lots of discussion amongst foreigners living in Spain. The Regulation (EU) No. 650/2012 and the creation of a European Certificate of Succession has raised many questions about the validity of existing Spanish wills covering property in Spain for those […]
Read moreLast updated on March 19th, 2020 at 03:11 pm. Since the summer of 2014 there has been a lot of coverage in the media regarding the EU ruling affecting Spanish inheritance and donation tax. The existing tax law in Spain was considered to be discriminatory against non-residents. Therefore, the European court established that Spain had […]
Read moreLast updated on March 19th, 2020 at 03:11 pm. Inheritance tax for non-residents has traditionally been much higher in Spain than for residents. This has been drawn to the attention of the European courts and Spain has been told to change its practices. No doubt, in due course they will. In the meantime inheritance tax […]
Read moreLast updated on March 19th, 2020 at 03:12 pm. When you are living in a country that’s different to the one you were born in, many variations in the law can pass you by. Succession law in Spain is one of those that can take foreigners living here by surprise. Recent EU legislation relating to […]
Read moreLast updated on March 19th, 2020 at 03:12 pm. In some countries, inheritance tax applies to only the wealthy – those with estates worth an amount out of the reach of most ordinary people. This is not the case in Spain. Spanish inheritance tax applies to most people when they bequeath their property and there […]
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