My habitual residence is in Spain and I have received an inheritance from abroad. Do I have to pay taxes in Spain? Can I deduct inheritance tax paid abroad? Written by Dimitrichka Nedelcheva Anghelova, tax lawyer. AGM Abogados The tax consequences in Spain of receiving an inheritance abroad will depend on where the heir lives...

In Spain, the Council of Ministers of 27 December 2023 approved the creation of the Co-Investment Fund (also known as “FOCO” in Spain). The management of the Fund is entrusted to COFIDES and will have resources from the Next Generation EU instrument and a budget of €2 billion. The purpose is to mobilise resources from...

Many people like to spend time in Spain especially if they have a holiday home in the country. However, if you spend too long in Spain you can become tax resident in Spain and become subject to tax on your worldwide as well as Spanish income. Here Nedelcheva Anghelova, tax lawyer at AGM Abogados, explains...

Blue Monday was a term coined by psychologist Dr Cliff Arnal in 2004.  He worked out a formula to show how the third Monday in January is the most depressing day of the year. It takes into account factors including the average time for New Year’s resolutions to fail, the bad weather, debt, the time since...

Home purchasing is one of the most significant financial obligations you will make when moving to Spain. It can support your financial future investments, give you a secure place to live, and give you a place you can call home for many years. Your lender and the kind of loan you have will determine what...

Kyero, the UK-based international property portal, has outlined the potential for record European property transactions in 2024 as the company described ‘pent up British demand’ for European property as buyers await a possible relaxation in the post-Brexit 90/180 day residency limits. In an analysis of one of the largest data sets in the industry (consisting...

Now the UK has left the EU, work permits in Spain are more difficult to obtain and if you plan to retire to Spain you have to get a visa and demonstrate that you can financially support yourself. These more onerous requirements have ended the dreams of those who had planned to move or retire...

An overview of the Spanish tax system and the issues you need to address before you move to Spain as well as insight into effective financial planning when living in Spain. Planning for retirement and inheritance tax issues. In this webinar Brett Hanson of Blevins Franks in Spain gives you an insight into the differences...

Moving abroad for work can be an exciting but also challenging experience, and settling into a new country and adapting to a different culture can take time. However, there are several things you can do to help make the transition smoother. Here, the overseas property experts at Property Guides have revealed their top tips for...

If being “empadronado” (registered) implies consequences and fiscal obligations to the Tax Administration, just for the fact of having municipal registration is a recurring question that many citizens frequently ask. First, it’s essential to bear in mind that the “empadronamiento” is an administrative concept, which is regulated by Law 7/1985 on the Bases of the...

For many homeowners, the idea of having one home in the UK and another abroad is something of a panacea. However, ambitious property investors and those looking to expand their portfolios can often find success by finding homes abroad as well as maintaining a domestic presence. With one foot firmly ingrained in the UK and...

UK expats who have lived abroad for many years often remain UK-domiciled and therefore liable to UK Inheritance Tax (IHT). The rate of this tax might be considered penal. It is currently 40% on the total value of the estate of a deceased after the exemptions. It is an additional tax payable on capital accumulated...