Sharing a pension on divorce
In the UK courts there are provisions for sharing a pension or splitting a pension on divorce. In England this is either by a Pension Sharing Order or a Pension Splitting Order. This can be very important where the couple have agreed that one of them does not work and matrimonial assets, including a pension, […]
More good reasons to buy property in Andalucia & the Canary Islands
The regional government of Andalucia has just approved a Decree removing Wealth tax which was payable by those individuals with assets of 700.000€ (non-residents for Spanish assets) or 1.000.000€ for residents on their worldwide estate. This would be attractive to those who are considering buying Andalucian property and possibly taking up residency with one of […]
Do you need a Grant of Probate in England or Wales? Did a relative die without leaving an English Will?
It is often necessary for people living in Spain to apply for a Grant from the Probate Registry of England and Wales. Grants of Probate and letters of administration are issued by the Probate Registry of England and Wales This could be because the deceased died without a Spanish Will but had assets in Spain. […]
I am a British resident and I own Spanish property. Should I gift it to my children during my lifetime?
If you gift Spanish property to your children then there are various things that one needs to think about. What tax you will pay tends to be at the top of one´s list. As a Spanish non tax resident, regardless of whether you sell or gift your property, you will need to account for 19% Spanish […]
Insurance claims for business and private individuals
The Court of First Instance in Leon has recently ordered an insurance company to pay a local Bar owner 13.200€ in compensation for the 93 days the Bar had to close during the pandemic. Other Courts have made similar decisions though many insurance policies do not cover such losses. The devil is always in the […]
Spanish taxation
Whether you live in Spain full time or part time you may be liable to pay tax in Spain. The primary test for Spanish tax residency is spending 183 days or more living in Spain per calendar year. Even if you don´t spend 183 days in Spain but you own property you need to make […]
Major changes to Spanish Town Hall taxes on sales and inheritance – plus valia
Making the property market even more interesting in Spain is a major change to the local taxes normally payable by vendors or inheritors of property – the plus valia – or local capital gains improvement tax. The varying rates charged by different municipalities, particularly when there could be a very large variation between two neighbouring […]
Taxation in Spain for Residents and Non resident property owners
Whether you are tax resident in Spain or own a holiday home here and live in another country the different tax system in Spain can seem very daunting. Every country has particular rules and obligations and by ensuring your affairs are dealt with by professional advisers you can ensure that tax bills you receive are […]
Residency for British Citizens – The Foreign Identity card – TIE
A new residence document was introduced last year for British Citizens in accordance with the terms of the Withdrawal Agreement between Britain and Spain. An application can now be made for those who were residing in Spain prior to 31st December 2020. Your citizen’s rights under EU law will be maintained, this includes the right […]
Employment issues and restructuring your business
Now that shops, hotels, restaurants and companies are opening up a restructuring of your business may be necessary. Understanding Employment law is more important than ever to ensure that you can continue to manage your business, whether this is a hotel, a shop, a gym, restaurant or a busy bar. If you are not able […]
Are you in the UK and want to sign a Spanish will
If you want to sign a Will for your Spanish assets this can be signed in the UK without having to travel to Spain. If you have assets in Spain it is strongly recommended that you have a separate Spanish Will, even if you already have a UK will. WHY? Because having a Spanish will […]
Do you need a Grant of Probate in England or Wales? Did a relative die without leaving an English Will?
Grants of Probate and letters of administration are issued by the Probate Registry of England and Wales. It is often necessary for people living in Spain to apply for a Grant from the Probate Registry of England and Wales.This could be because the deceased died without a Spanish Will but had assets in Spain. In […]