Tag Archives: spanish lawyers

These allowances are determined by reference to four categories of legatee. The categories and allowances for 2012 onwards are as follows. Group Relationship with the Deceased Euros I Children, issue and adopted children of less than 21 years of age  … Continue reading →

There is no exemption from inheritance tax or gifts tax on transfers between spouses as there is in the UK and France. It is the donee or beneficiary who is chargeable to tax (not the Executors or Administrators). Tax is … Continue reading →

Residents: Short term Capital gains of residents are taxed as income. Long term gains are now taxed at the following rates: Taxable Base Rate From To Applicable €0.00 €6,000.00 21% €6,000.01 €24,000.00 25% €24,000.01 Onwards 27% Gains made on the … Continue reading →

  Please note: The information contained in these pages is given without charge and without responsibility. It is not a substitute for proper professional advice which we shall be happy to give if so instructed.

The total tax payable is the sum of the tax calculated on two scales– the State Scale (Escala General) and the Scale of the Autonomous Region’s scale (Escala Autonomica). The Regional Government determines the latter. Earned Income For example the … Continue reading →

Foundations are rarely used in Estate planning. Foundations are only permitted for  ‘fines de interés general’ such as the protection of human rights, or for the benefit of victims of terrorism, or to promote scientific sporting or cultural interests etc … Continue reading →

i. Family law: Separation of Goods – each spouse owns their own property. Community of property (gananciales) – All assets acquired during the marriage except by gift or inheritance are automatically owned in equal shares. ii. Inheritance rules: These vary … Continue reading →

Please follow the links below for additional information: Briefing Notes Spanish Tax Rate Tables News INFO4STEP

The information contained in these pages is intended to supplement the Jurisdiction Information on SPAIN contained in the 2014 Step Directory and Yearbook published by STEP in association with Michael Soul & Associates These pages provide additional important, tax rates … Continue reading →

Please follow the links below for additional information: Income Tax: Individual Residents Taxation of Capital Gains Taxation of Inheritances (IHT) IHT Family Allowances / Deductions IHT Rates: Non Resident Beneficiaries IHT Rates: Beneficiaries Resident in Spain IHT Higher Rate Surcharges … Continue reading →