Spain Explained

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

Posts filtered by Wills, donations and inheritance

Don’t let your inheritors get caught out

Last 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 […]

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Time frame to complete the Inheritance process in Spain

Last 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 […]

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Make sure you meet the inheritance deadline

Last 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 […]

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Positive trends for inheritance and donation tax

Last 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 […]

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Spanish Inheritance tax near to disappear in Andalucia

Last 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 […]

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Making the decision – inheritance tax vs gift tax

Last 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 […]

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How much might the inheritance tax be?

Last 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 […]

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Donating property in Spain is still a good option

Last 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 […]

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Have you thought about giving it away?

Last 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 […]

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How to cope with Brexit – finding tax-wise solutions

Last 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 […]

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Brexit implications for donation and inheritance

Last 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 […]

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Ask Ábaco about inheritance

Last 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 […]

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Changes to inheritance tax in Spain

Last 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 […]

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Changes to donation tax in Spain

Last 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 […]

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Your will in Spain – should you make a new one?

Last 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 […]

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Changes to legislation affecting inheritance and donation tax

Last 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 […]

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Purchasing Spanish property in the name of a company

Last 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 […]

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Spanish succession law and its implications

Last 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 […]

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Inheritance tax for non-residents in Spain – is it time to claim?

Last 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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Do I need to make a new will in Spain?

Last updated on March 19th, 2020 at 03:12 pm. It can be difficult to plan ahead when it comes to wills in Spain and Spanish inheritance. It’s a subject we tend to avoid. However, not making the necessary arrangements and talking them through with those people who it will affect, can have repercussions for those […]

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The importance of making a Spanish Will

Last updated on March 19th, 2020 at 03:14 pm. We recommend to all our clients that at some point they make a will in Spain to cover the bequeathing of their Spanish assets. In theory, a will made in their home country covers their world wide assets already. However, if you have only made a […]

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The Spanish will registry – a bureaucratic success

Last updated on March 19th, 2020 at 03:14 pm. When you first buy a Spanish property with your partner, husband, wife or even friend, you have no idea what might happen in the future. In the excitement of making the purchase your thoughts are to the here and now and not the ‘what might be’. […]

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Inheritance in Spain – a summary

Last updated on March 19th, 2020 at 03:14 pm. People do find talking about inheritance difficult. It evokes all kinds of emotions and can be a subject we avoid until it is too late. You need to consider carefully whether you make a will in Spain and how you are going to distribute your property […]

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New EU legislation affecting your Spanish will

Last updated on March 19th, 2020 at 03:14 pm. You may already have heard about the changes to inheritance legislation and Spanish wills in Spain. There are important changes taking place that may affect you if you are an EU citizen and a resident here. New EU inheritance legislation The Regulation (EU) No. 650/2012 states: […]

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Putting your Spanish will in order

Last updated on March 19th, 2020 at 03:15 pm. Different countries have different rules about inheritance. For example, Spanish succession law requires that when someone dies two-thirds of the total inheritance must go to the children. They are the ‘legal beneficiaries’. This then only leaves one third of the estate to be disposed of according […]

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