Spanish inheritence tax is a complicated business based on the different relationships between the donor and the receiver. Particularly at risk are unmaried couples and step children.
For all the background information you need see "Spanish Succession tax for Cohabitating Couples and Remarriages" on Spanish Property Insight.
A little bit of good news for embattled Mallorca property owners and buyers. The Wealth Tax (Impuesto sobre el Patrimonio) payable annually for all properties in Spain has been abolished with effect from the 01/01/08... More »
Spanish inheritence tax is a complicated business based on the different relationships between the donor and the receiver. Particularly at risk are unmaried couples and step children.... More »
Latest statistics from the Bank of Spain indicate that economic growth during the first 4 months of 2008 has fallen short of expectations. This fall to an annual equivalent rate of 2.8% is blamed largely on external factors, specifically the international financial crisis.... More »
One of Spain's largest banks, the Santander (owner of the Abbey in the UK) estimates that Spain's economic growth for 2008 will be a still robust 2.5% although down from the actual 3.8% growth for 2007.... More »
As part of a package of financial incentives aimed at confronting the economic slowdown, the Government announced last week that homeowners will be permitted to extend the term of their mortgages, thus reducing monthly repayments, without any notary or land registry fees.... More »