We already saw in previous posts of this blog that back in 2015 the Spanish Government had to modify the national legislation on Inheritance and Donation Tax in order to adapt it to the requirements of the sentence issued by the European Court of Justice on the 3 September 2014. As a result, all the [...]
There are good news for property owners in Andalusia with the approval of the first tax measure of the new Andalusian Government (coalition of the conservative party and the liberals): the exemption of 99% in the final tax bill of the Inheritance and Donations (Gift) Tax, which is included in the Decree Law 1/2019 published [...]
Please note that this entry is obsolete after changes in the law interpretation criteria by the Tax Administration following various judgments of the Supreme Court. You can read more in this entry of our blog Inheritance Tax for non EU residents It is worth pointing out that Brexit would have a deep impact on the taxation [...]
(Edited 15/04/2019 to include latest taxation changes) Fact 1 In Spain, mortis causa successions (to the estate of a deceased person) and inter vivos transactions (gifts between living persons) are taxable. The tax rate is the same although there are differences in the applicable bonuses and deductions. Fact 2 From 1st January 2015, the regional [...]
The Spanish legislation on inheritance and gift tax continues to receive setbacks. It is the turn now for the Valencian regional legislation and in particular the Article 12 bis of the Law of Valencia 13/1997 which has been declared unconstitutional. We are still far away from an ideal situation where Inheritance tax treatment is harmonized [...]
It is quite common among foreign citizens when signing their Spanish Wills to leave the assets they have in Spain first to the spouse and then to the children (in case of predeceasing, renounce or simultaneous decease). This is slightly different for Spanish citizens as due to the "legítima", which is the legal obligation to [...]
(Edited on the 15/04/2019 to include the latest changes in taxation) Are you aware that, due to the recent changes in the Spanish Law, it is quite possible that now your beneficiaries will not have to pay any Inheritance Tax in Spain or at least their exposure to the tax is drastically reduced? As we [...]
EU rules against Spain on discriminatory Inheritance tax applicable to non-residents We have good news for all foreigners with properties in Spain as their future heirs will surely pay less tax and we have excellent news for non residents who inherited and paid tax in Spain over the last 4 years as they probably [...]
(Edited 15/04/2019 to include latest taxation changes) Every now and then we receive inquiries from clients who have properties in Spain in relation to the Inheritance Tax and how to limit or improve the exposure that their heirs will have to the same. There is a lot of information on this subject on the net, [...]
What does exactly pareja de hecho mean in Spanish law? It would be similar to the common law marriage. A union between two people, regardless of their sex, who want to live together in a committed and durable relationship and who are not united by marriage. How are the unmarried couples regulated in Spain? There [...]
