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Purchase and sale of real estates in the Balearic Islands
Spouse’s express approval necessary when selling the family residence. The Balearic Civil Code Depending on the region, Spain has different civil rights systems (Navarra, Basque, Galicia, Catalonia and the Balearic Islands). This means that the Balearic Islands have their own civil law regulating the relations between the citizens living [...]
PLANIFICATION OF INTERNATIONAL SUCCESSIONS
For those residents in the Balearic Islands, who are considering to plan their succession, we offer a complete service including all tax and legal aspects as well as the execution of all necessary steps. The following points should be taken into consideration: The new EU regulation for inheritances comes along [...]
FISCAL ADVANTAGES IN THE PURCHASE OF REAL ESTATE IN SPAIN BY NON-RESIDENTS WITH BANK FINANCING
Now, for most of the persons who plans to acquire real estate in Spain, being non-resident in this country, the most convenient and simple way is to purchase as individuals and not through Spanish or foreign companies. In this way, in case of sale, will pay for the non-resident Income Tax to 19% on the possible equity [...]
DMS Consulting press
The prestigious WALL STREET JOURNAL mentions DMS Consulting regarding the discrimination of non residents on the taxation of inheritances and donations.
DMS CONSULTING mentioned in the WALL STREET JOURNAL (subscription needed). The prestigious Wall Street Journal mentions DMS Consulting in its article about the European High Court ruling against Spain for the discriminations of non residents [...]
Breaking news
Prevention of money laundering: New obligation to incorporate into the company register (before 3rd of September 2019)
The Royal Decree Law No. 11/2018 has recently reformed Law 10/2018 of 28 April on the Prevention of Money Laundering and the Financing of Terrorism. An additional provision now requires all-natural persons and legal entities [...]
What documentation are needed to sell a house or an apartment?
Nowadays the sale of a property is covered with a great documentary and technical complexity. Indeed, when dealing with operations of high economic and vital relevance, there are many constraints that should be considered. Therefore, [...]
SPANISH LAWMAKERS GET ANOTHER THRASHING FROM THE SUPREME COURT FOR VIOLATING EU LAW, BY DISCRIMINATING NON-EU NATIONALS IN TRANSFER TAX
RULING No. 242/2018 OF 19/2/2018 HAS IMPORTANT CONSEQUENCES FOR TRANSFER AND GIFT TAX … AND FOR FORM 720! The Court of Justice of the European Union Ruling of 3/9/2014, Case C-127/12, ruled against Spain because [...]
Events
Conferences, seminars, lectures, workshops DMS
DMS Consulting has assumed the presidency of ILAS (International Legal Accounting Solutions)
Aware of our international environment DMS Consulting was founded with the a clear emphasis on international and especially European issues. We have now once again deepened in this line. Our partner Miquel A. Mas i [...]
DMS informs foreign residents in Majorca about taxation and holiday renting
Following Thursday, June 25 at 17'00 p.m at Port d'Andratx, Restaurant Ca'n Pep, DMS's members, Alejandro del Campo, Miquel Àngel Mas, Sandra Krupp and Gunter Roth will be holding a conference aimed at foreign residents [...]