Buying usufruct – Right of Use on Spanish properties
The Usufruct in Spain: A Legal Strategy to Reduce Inheritance Tax When purchasing real estate in Spain, it is often advisable to explore different financial and legal strategies to minimize future tax obligations. Many clients seek guidance on how to reduce or avoid Spanish inheritance tax. One of the most effective and commonly used solutions […]
20-30 % of Non resident tax declarations have errors or mistakes
A 2021 study by the Institute of Economic Studies (IEE) estimated that between 20% and 30% of the declarations of non-residents in Spain could contain errors. In 2022 Civitas Foundation report noted that fines on non-residents for tax non-compliance had increased considerably in recent years. Announcements from the Tax Agency: (“Agencia Tributaria”) • The Tax […]
Termination of Co-Ownership, or Extinction of Condominium on Spanish properties
Termination of Co-Ownership in Spain: Extinction of Condominium The Extinction of Condominium (EC), also known as Termination of Co-Ownership, is a legal mechanism in Spain that allows one co-owner of an indivisible asset (typically a property) to acquire full ownership by compensating the remaining co-owners. This type of transaction is common in cases of […]
How to execute UK Testament in Spain
In order to execute an UK Testament in Spain, you need to present the Testament to a UK notary in order to: Confirm that it was the last Testament made by the deceased, and obtain the UK GRANT OF PROBATE To appointing you as legal inheritor of the deceased’s assets Then, the notarial documents from […]
Spanish mortgage- Embargo, Spanish repossession
When there are monthly payments on arrears, usually, there the Spanish banks give 2 solutions to execute an unpaid mortgage: 1.- Public Auction – Embargo Once a determinate number of non-paid monthly mortgage payments occur, the bank sue the property in the Courts, and open a seizure process. In this moment, the costs of the […]
Do I need to open a bank account when buying in Spain?
One of the most important points when buying a property in Spain is to open a bank account in Spain. Is this obligatory?. Before or later, is necessary to open a bank account in Spain if you decided to purchase a Spanish property. It will help you to pay and settle payments for utilities, local […]
Inspections on banks for property owners by Spanish Tax Office
The Spanish Tax Office, known as the “Agencia Tributaria” (or simply Hacienda), has significantly ramped up efforts to monitor and control the financial activities of individuals and businesses within Spain. This enhanced scrutiny is part of a broader strategy to combat tax evasion and ensure that all residents, including foreign nationals living in Spain, are […]
Wealth Tax Valencia Region updated 2026
Taxable event Be the owner of goods and rights in Spain of economic content before December 31 of each year. Taxable Only natural persons. Legal persons (companies, societies, etc.) are not taxed by this tax The following: In general, natural persons who have their habitual residence in Spanish territory are taxed by personal obligation, who […]
Buying rustic land properties in Valencia Rustic land
This is a small presentation of our Purchase Legal Assistance service on properties placed in Valencia Rustic areas. Valencia city is surrounded by spectacular mountains and countryside, with amazing views and nature. It is composed by local villages as: Turís, Olocau, Montserrat, Villamarxant, Montroi, Casinos, Naquera, Andilla, Alberic, Estivella, Godella, and Lliria. If case you […]
Tax on buildings-installations and works in Spain
The tax on constructions, installations and works (ICIO) is an indirect, municipal, voluntary establishment and management tax exclusively attributed to the municipality that establishes it. Taxable event The taxable event of the ICIO is constituted by the realization, within the municipal term, of any construction, installation or work for which the obtaining of a works […]