EXAMPLE OF DIFFERENT WAYS TO BUY A PROPERTY IN SPAIN TO REDUCE INHERITANCE TAX
BRIEF EXPLANATION ON DIFFERENT WAYS TO BUY THE PROPERTY PRICE OF ACQUISITION:827.000 EUR / VAT : 82.700 EUR (10% on the price – it’s a NEW building) A+B are a married couple with two sons “I” and “II”. A+B want to buy a NEW BUILDING in Malaga, and, before buying, they consult our company in […]
How to demonstrate you are resident in Spain for Spanish IHT reductions?
Subject: Inheritance Tax Query: I have just read a reply on your site & commented on it your advice (good) . Can you just tell me please, my husband & I own a property 50/50 I think in the current climate it would not achieve more than 200-225 thousand euros . My understanding is that […]
HOW EXECUTE AN INTESTACY-LETTER OF ADMINISTRATION FROM UK IN SPAIN
icon-question-circle QUESTION: My wife passed away on July 2012 WITH NO WILL. We only shared a house in Spain. I am British resident and Citizen. So I need a Spanish Notary to legalize UK Letters of Aministration to transfer title to me. icon-hand-o-right TLACORP ANSWER: Dear Sir, First of all, please, accept our sincere condolences for the decease […]
IS IT OBLIGATORY TO MAKE A WILL IN SPAIN?
There is some confusion in the market in relation when deciding to make a Will in Spain when you have Spanish assets. The majority of our clients, when buying a house in Spain, they ask us if they have to make a Will. NO. It is not obligatory. There is not any law in Spain […]
WAYS TO REDUCE SPANISH INHERITANCE TAX
In order to explain the different ways to avoid or reduce Spanish Inheritance Tax, we will use an example: – A+B, British and Spanish residents own a Spanish property. They have 62 years old. They have 2 sons. Sons are not Spanish residents. – Both have made a “mirror Will” (A leaves everything to B, […]
Spanish Inheritance: Is needed a Power of Attorney?, what about the NIE?, Is it necessary to deal with a Spanish Inheritance?
Query: I need to give my brother permission to deal with our mothers (in Spain) estate as she didn’t leave a will. Is this a legal document or can I just draft a letter? Answer: In order to give permission to your brother to deal with your mother intestate (no Will), your brother needs a […]
