WILL INHERITANCE TAX REFUNDS BE MADE TO NON-RESIDENTS IN SPAIN BASED ON DISCRIMINATION FOR NON-RESIDENCY?
The European Commission reported Spain to the Court of Justice of the EU on the grounds that the legislations of various ‘Autonomous Communities’ (regions) in Spain resulted in discrimination between residents and non-residents inheriting the same estate. The Impuesto de Sucesiones y Donaciones (Gift and Inheritance Tax) is governed by the national Act 29/1987 of […]
* INTRODUCTION.- EU Regulation No. 650/2012 of the 4th July 2012 concerning Jurisdiction, Applicable Law, Enforcement of Resolutions, Acceptance of Public Instruments in relation to Mortis Causa Inheritances and the Creation of a European Inheritance Certificate will be applicable as from 17th August 2015. It includes fundamental changes, among which is the law applicable to […]
Royal Decree 304/2014 of 5th May 2014, whereby the current Act 10/2010 on Money Laundering Prevention is developed in detail, included special provisions relating to Trusts which, due to their relevance, have been reproduced below, although it must first be stressed that they need to be implemented and interpreted within the general context of such […]
The Spanish Government intends to carry out an extensive reform of the Spanish taxation system and, to such end, it has appointed an Expert Committee to study such a reform which has issued a report on the matter (commonly known as “Lagares Report” after the surname of the President of the Committee). In this article […]
TRANSFER YOUR HOUSE TO AN ENGLISH COMPANY AND DON’T PAY INHERITANCE TAX: A MISLEADING, SELF-INTERESTED PIECE OF ADVICE.
FOREIGNERS’ INHERITANCE IN SPAIN: FALSE MYTHS AND PLATITUDES (I) In the first article of this series (article posted on this Blog on 25 March, 2013), we commented on certain beliefs which, albeit sometimes based on true facts, are often wrong in relation to non-residents’ inheritances in Spain. In this second […]
This list of requirements only applies where the investment relates to real property, although there are other investment possibilities such as bank deposits (€ 1,000,000), public debt (€ 2,000,000), projects creating employment, etc. GOLDEN VISA & INVESTMENTS IN REAL PROPERTY IN SPAIN: The minimum investment is € 500,000.00 and needs not refer to one only […]
INVESTMENTS IN BANK DEPOSITS AND PUBLIC DEBT AS A WAY TO OBTAIN VISAS AND RESIDENCY AUTHORISATIONS IN SPAIN (III).
While in previous instalments we looked at investments in real property or Spanish companies and the minimum capital amount required for such investments to result in the granting of a one-year visa for stay in Spain, and the subsequent two-year residency authorisation and even an extension thereof for a further two years, we will now […]
In the First Article or Instalment published in this Blog on the new rules whereby non-EU citizens can obtain residence authorisations and visas in Spain (Act 4/13 of the 27th September), we briefly summarised the instances and requirements to obtain such a visa or authorisation and also studied in more detail the “significant investment” (i.e. […]
(Particular reference to real estate investments) The Ley de Apoyo a los Emprendedores y su Internalización (Support and Internalisation of Entrepreneurs Act) came into force on September 29th, 2013, and its purpose is the introduction of measures to facilitate investments in Spain, be it in companies, real property or other sectors. With the obvious […]
The Urban Lease Act 1994 (L.A.U.) has been partially amended by Act 4/2013 of the 4th June, which introduces yet another criterion to determine the legal regulations fully or partially applicable to rentals depending on the date of conclusion of the letting agreement. Thus, there are rentals in Spain which are partially governed by 1964’s […]