It is usually seen that expensive properties are owned by companies, companies that may have either purchased the property before or that have built it. In the process of the property purchase it is sometimes suggested to the purchaser to purchase the company shares rather than the property itself. Purchasing a company has some benefits (i.e….
At the time of writing this article we are locked out here in Spain. My first thought is to wish all readers that they and their families feel in good health or in case they are dealing with COVID-19 they find assistance to go through the illness and recover soon. We send our best wishes…
The Spanish Donations tax is regulated in the same Law as the Inheritance tax. Both taxes have experimented notorious changes in Andalusia. The successions and inheritance tax are taxes that, despite being primarily regulated by a national law, they can be also regulated by laws passed by the autonomous communities of Spain (Andalucía, Catalonia, Balearics,…
In the last years there are a number of clients who are purchasing property in Spain in the name of non-resident companies (Belgium, Dutch, British, etc) where they are directors or shareholders. Once purchased, those properties are being made available then to their shareholders or directors who most of the times use them permanently or…
Sorry, this entry is only available in European Spanish.
Sorry, this entry is only available in European Spanish.
Sorry, this entry is only available in European Spanish.
Dear readers, Again I write with good news. There are important news about the inheritance tax in Spain but the news could be certainly better. At first sight, this first line may look a bit pessimist despite the great news but surely it will be understood as not as such when I develop my explanation, in what is related to…
Perhaps I could start to explain this matter from the basics, avoiding legal terminology to make it easier to understand. When a property owner sells a property in Spain must pay a tax on the profit made when selling, this is the Capital Gains Tax (CGT). This tax is currently the 19% on the gain,…
Sorry, this entry is only available in European Spanish.
Sorry, this entry is only available in European Spanish.
Sorry, this entry is only available in European Spanish.
