The Local Spain again mentions our partner Alejandro Del Campo in relation to inheritance tax planning for non-residents.
READ FULL ARTICLE
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 the regulations of the Transfer and Gift Tax in force until then did not allow the application, in inheritance and [...]
Buying a property in Spain. Legal and tax problems
1.- CONTRACT A LAWYER SPECIALIZED IN REAL ESTATE LAW It’s obvious, nevertheless it's the most important advice you can be given before starting the complex process of buying a house abroad. 2.- LAND REGISTRY Before you complete your property purchase you should make sure that you have seen the Land Registry Certificate, available from [...]
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 with significant changes. Formerly the [...]
WARNING: BRITISH EXPATS (IN SPAIN) MUST MAKE A NEW WILL TO AVOID SPANISH INHERITANCE LAWS
(DESPITE THE UK OPTED-OUT OF THE NEW EUROPEAN INHERITANCE REGULATION) It’s absolutely advisable for UK nationals residing in Spain to determine by a last will that the Nationality Law has to be applied in their inheritances in order to avoid that those will be ruled by Spanish regulation. 1.- THE NEW AND REVOLUTIONARY EUROPEAN [...]
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 gain, compared to 25% that [...]
TAXES PAYABLE IN SPAIN BY NON-RESIDENTS WITH PROPERTY FOR THEIR OWN USE AND/OR RENTED
TAXES PAYABLE IN SPAIN BY NON-RESIDENTS WITH PROPERTY FOR THEIR OWN USE AND/OR RENTED In addition to the annual REAL ESTATE TAX to be paid to the relevant City Hall, the non-residents who are owners of real estate in Spain must be very attentive to two other taxes to pay to the State Treasury: - Income Tax - Wealth Tax INCOME TAX PROPERTY EXCLUSIVELY FOR [...]
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 on the taxation of inheritances and donations. We are extremely proud that the labour and monitoring of those important issues [...]
DMS Consulting celebrates its 25th anniversary.
For over a quarter of a century DMS Consulting has offered a legal, fiscal and corporate consulting at the highest possible level. There had been significant changes during all these years: the world itself, the Majorcan and Balearic society in particular but also the way in which our services are offered, especially when we take [...]
