Reduction of the taxable base in inheritances in Spain
In the event that you have received an inheritance in Spain, even if you are a non-resident, you must file a self-assessment for the Inheritance and Donations Tax with the Spanish Tax Agency. The self-assessment form is Form 650. In the Autonomous Community of Andalusia, a recent reduction in the taxable base has been established […]
Thinking of buying a property?
If you are considering buying a home, before signing an agreement with the real estate agent or making an offer, you should seek legal advice. We have encountered many clients who regretted not reviewing the contract before signing it. This particularly happens when they realize they cannot cancel the agreement as easily as they thought […]
What is the reference value of a property in Spain?
To determine how much must be paid for both the Property Transfer Tax and Stamp Duty as well as the Inheritance and Gift Tax in Spain, the determination of this “real value” has often been a source of disputes and litigation. In this regard, the Spanish Supreme Court has established as jurisprudential doctrine that when […]
