Posts filtered by Wills, donations and inheritance
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 […]
Read moreLast 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 […]
Read moreLast 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’. […]
Read moreLast 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 […]
Read moreLast 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: […]
Read moreLast 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 […]
Read moreLast updated on March 19th, 2020 at 03:15 pm. One of the questions that’s most frequently asked in our offices is – how much Spanish inheritance tax will I have to pay? We receive enquiries every week from the recently bereaved who are not only coming to terms with the death of a close relative […]
Read moreLast updated on September 13th, 2019 at 09:17 am. Spanish inheritance often catches people unawares. Partly because it’s still something we’re uncomfortable in discussing and also because it can be quite complicated in Spain. The rules are different, particularly in relation to Spanish inheritance tax and it often takes people by surprise that there is […]
Read moreLast updated on March 19th, 2020 at 03:15 pm. In Spain, the amount of Spanish inheritance tax to pay is determined by three things: the relationship of the inheritor to the deceased whether the deceased and inheritor(s) are resident or non-resident the autonomous community in which the property is located Depending on these factors, the […]
Read moreLast updated on March 19th, 2020 at 03:16 pm. The main item that any inheritor is likely to inherit is property. Spanish property is probably the biggest factor in the majority of Spanish inheritance cases. However, there might be other items to be received by heirs too. Other significant assets might exist such as cars […]
Read moreLast updated on March 19th, 2020 at 03:16 pm. We all want to preserve as much as we can for our heirs and avoid leaving them with difficult issues to address. In this article we consider how you can pave the way for the family you leave behind. Legal ways to reduce inheritance tax in […]
Read moreLast updated on March 19th, 2020 at 03:17 pm. We recommend to all our clients that at some point they make a will in Spain. It is true that a will made in your home country can cover all your world wide belongings, including any you have in Spain. However, if you don’t have a […]
Read moreLast updated on March 19th, 2020 at 03:17 pm. Spanish inheritance is a recurring worry for both residents and non-residents holding property in Spain. It is a different system and inheritance tax – only the concern of the rich in the UK – can be steep. We are often asked ‘How much inheritance tax do […]
Read moreLast updated on March 19th, 2020 at 03:18 pm. The Spanish economic crisis is starting to cut deep. Families who have managed to come together and cope for months are beginning to find that they have used up the few reserves that they had. Spanish society has rallied well and families, predominantly parents and grandparents, have […]
Read moreLast updated on March 19th, 2020 at 03:18 pm. Making a will in Spain is not compulsory but it’s a good idea. It cuts down on the work and expense for those you leave behind you. However, you need to think carefully about what it might contain not only from the point of view of […]
Read moreLast updated on March 19th, 2020 at 03:18 pm. It’s easy to forget or not even realise that a country’s habits, laws and customs might not be the same as your own. You can quite easily expect things to work the same as they do in your own country. An example of this is the […]
Read moreLast updated on March 19th, 2020 at 03:18 pm. How much might the inheritance tax be? Every case is unique. However, below are some case study examples to give you an idea of how much inheritance tax there might be to pay. The differences in the amount to pay are linked to your status as […]
Read moreLast updated on March 19th, 2020 at 03:19 pm. Inheritance tax applies in Spain In some countries, inheritance tax only applies when there is a very large estate. However, this is not the case in Spain. Spanish inheritance tax applies in the majority of cases and the amount of tax to pay varies enormously depending […]
Read moreLast updated on March 19th, 2020 at 03:19 pm. Why is it important? We recommend to all our clients that at some point they make a will in Spain. A will made in your home country can cover all your world wide belongings, including any you have in Spain. However, if you don’t have a […]
Read moreLast updated on March 19th, 2020 at 03:19 pm. In a way, this title is a contradiction. In some respects the Spanish inheritance process can never be made easy. The difficulties around losing someone you love or care about are much more than any inheritance service can even begin to solve. At Ábaco we do […]
Read more