A conflict between Article 28 of the Spanish Land & Mortgage law and the European Succession Regulation 650/2015 may sound rather dull. However, in practise it could create particular problems for spouses from countries such as England who have free … Continued
Do you have assets in England or outside of Spain? You should always have a Spanish will for Spanish assets – if this is over 2 years old it is a good idea to get it reviewed due to changes … Continued
As a result of recent inheritance tax changes Andalucia is now one of the most attractive places in Europe to buy property. Not only due to its wonderful climate, culture and beaches but also to a very favourable inheritance tax … Continued
This year 2018 brings good news for family members who inherit property and assets bringing inheritance tax reductions in Andalucia. The regional tax has been reduced, with spouses, children, parents and those registered as partners – parejas de hecho – … Continued
When a spouse or family members dies having left no will in Spain or outside Spain the procedure can be very costly and time consuming. In the UK you can generally notify the Land Registry, the banks etc to transfer … Continued
In the 3 jurisdictions of the UK, England & Wales, Northern Ireland and Scotland the role of an Executor – who often becomes a Trustee – is a personal obligation on the individual and a burdensome role. For this reason, … Continued
Inheritance tax in Spain is charged differently in the regions of Spain if you are an EU resident. There have been some very beneficial inheritance tax changes this year in Andalucia. They apply when both deceased and the beneficiaries … Continued
Inheritance tax reductions for Andalucía The Junta de Andalucía is set to increase the tax free sum before inheritance tax is payable on estates within the region of Andalucía. At present the amount a spouse or direct descendant can receive … Continued
This affects the inheritance law which applies to the estates of people who die after 17th August 2015. Most people by now are aware that there will be a change but there is a lot of confusion in respect of … Continued
How Modelo 720 affects inheritance tax This is a change in working practice and enforcement of existing law rather than a change in the law. Since December 2012, there has been a requirement on Spanish tax residents to declare all … Continued
In September 2014, the European court has decided that Spain has been discriminating against non residents by charging inheritance tax where a resident would be exempt from tax. The decision in Commission v Spain Case C-127/12 states that this discrimination … Continued
IMPORTANT CHANGES TO ENGLISH INTESTACY LAWS The law of England and Wales on intestacy, dying without a will, has been changed. The Inheritance and Trustees’ Powers Act of 2014 has substantially changed the law. Previously where a husband, wife or … Continued