There can be advantages in purchasing or
transferring Spanish property into the name of a UK limited company. There can
be a significant saving on inheritance tax in Spain where there is no spouse
exemption for non residents. Some companies are offering to set up standard
structures but where the current tax value of the property is not very high
this can be expensive if your particular circumstances are not taken into
account.
Everybody has different considerations both for
their Spanish property and their UK assets and a consultation is advisable
using the current tax levels so that you can decide if this structure suits
you. It is very important to take tax advice in both countries as you must
comply with all of the obligations on fiscal transparency and each individual
client has unique circumstances.
To find out more, read De Cotta Law's report – simply
Download DeCotta_Law- Repor_Company Property Ownership
Head Office:
Sandra Wrightson
De Cotta Law
Centro Commercial Valdepinos 1 y 3A
Urb. Calypso,
29649 Mijas-Costa,
(Málaga)
Tel: +34 952 931 781
Fax: +34 952 933 547
Email: [email protected]
Coín Office:
Jon Sutton
De Cotta Law
Local 6, Sierra Chica
29100 Coín
Málaga
By post:
Spanbox B220
Apartado 178
29100 Coín
Málaga
Tel: +34 951 315 161
Fax: +34 951 315 162
Email: [email protected]
www.decottalaw.net
De Cotta Law has offices in southern Spain, and the Canary Islands
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