Spanish law makes various assumptions with regard to the ownership of assets by a married couple and subsequently as to how they should be distributed upon a future divorce.
This document provides an overview of inheritance tax in Spain. It discusses how inheritance tax is applied based on factors like tax exemptions, tax rates, the beneficiary's existing wealth, and their relation to the deceased. It also outlines the tax exemption amounts and rates that vary between Spain's central government and different autonomous communities like Andalucia, Valencia, Cataluña, and the Canary Islands. The document provides an example calculation of inheritance tax liability. It notes that tax is generally due within 6 months of death, though a 6-month extension can be requested.
The document discusses divorce law in the Valencia region of Spain. It states that Spanish courts will apply the law of the country where a couple was married if they were married abroad. However, a couple can request Spanish law be applied if they are both normally resident in Spain. For couples of mixed nationality resident in Spain, Spanish law will apply. It also outlines the two main systems for classifying marital assets in Spain - sociedad de gananciales and separación de bienes. For the Valencia region specifically, marriages are classified as separación de bienes and local law determines custody issues.
The document discusses regional divorce law in Madrid, Spain. It explains that Spanish civil code determines which laws apply in divorce proceedings based on nationality and residency of the spouses. For couples living in Madrid, Spanish law typically applies regarding division of marital assets, child custody, and other divorce-related matters if no other agreement or regional laws supersede civil code. Shared child custody is still uncommon in Madrid but may become more normal.
This document provides information about inheriting assets in Spain using a non-Spanish will. It outlines the steps needed to validate a foreign will in Spain, including obtaining an apostille stamp and official translation. It then lists the 9 main steps to follow Spanish inheritance law, which includes obtaining death and inheritance certificates, identifying assets, paying taxes, and transferring assets to beneficiaries according to the provisions of the will. Hiring local legal experts is recommended to navigate Spain's inheritance laws and processes.
The document discusses divorce law in La Rioja, Spain. It explains that if a married English couple lives in La Rioja, the Spanish court will apply English law to their divorce proceedings. For mixed nationality couples residing in La Rioja, Spanish law will apply. By default, La Rioja follows the Spanish Civil Code, which establishes the economic system of "sociedad de gananciales" for dividing marital assets. Child custody typically favors the mother, but shared custody is allowed in some cases. The document provides additional details on these and other divorce-related topics specific to La Rioja.
Income tax deductions are available in the Spanish region of Murcia for property-related dealings. Some key deductions include a 10% deduction for renovations making a primary residence accessible for disabled individuals, a 3-5% deduction for those under 35 investing in a newly constructed primary home up to €300 annually, and deductions for investments in water and energy saving devices installed in a primary residence or rental property. The deductions apply to both regional and national income tax levels in Spain's complex tax system.
This document provides information on claiming an inheritance under a Spanish will. It outlines 9 key steps: 1) Obtaining a death certificate, 2) Requesting inheritance records, 3) Acquiring life insurance, 4) Obtaining a certified copy of the will, 5) Conducting an inventory of assets, 6) Addressing any debts, 7) Creating an inheritance distribution plan, 8) Paying inheritance taxes, and 9) Transferring assets to beneficiaries. It notes the importance of following Spanish inheritance law procedures and timelines to avoid penalties for late tax payments.
This document provides an overview of inheritance tax in Spain. It discusses how inheritance tax is applied based on factors like tax exemptions, tax rates, the beneficiary's existing wealth, and their relation to the deceased. It also outlines the tax exemption amounts and rates that vary between Spain's central government and different autonomous communities like Andalucia, Valencia, Cataluña, and the Canary Islands. The document provides an example calculation of inheritance tax liability. It notes that tax is generally due within 6 months of death, though a 6-month extension can be requested.
The document discusses divorce law in the Valencia region of Spain. It states that Spanish courts will apply the law of the country where a couple was married if they were married abroad. However, a couple can request Spanish law be applied if they are both normally resident in Spain. For couples of mixed nationality resident in Spain, Spanish law will apply. It also outlines the two main systems for classifying marital assets in Spain - sociedad de gananciales and separación de bienes. For the Valencia region specifically, marriages are classified as separación de bienes and local law determines custody issues.
The document discusses regional divorce law in Madrid, Spain. It explains that Spanish civil code determines which laws apply in divorce proceedings based on nationality and residency of the spouses. For couples living in Madrid, Spanish law typically applies regarding division of marital assets, child custody, and other divorce-related matters if no other agreement or regional laws supersede civil code. Shared child custody is still uncommon in Madrid but may become more normal.
This document provides information about inheriting assets in Spain using a non-Spanish will. It outlines the steps needed to validate a foreign will in Spain, including obtaining an apostille stamp and official translation. It then lists the 9 main steps to follow Spanish inheritance law, which includes obtaining death and inheritance certificates, identifying assets, paying taxes, and transferring assets to beneficiaries according to the provisions of the will. Hiring local legal experts is recommended to navigate Spain's inheritance laws and processes.
The document discusses divorce law in La Rioja, Spain. It explains that if a married English couple lives in La Rioja, the Spanish court will apply English law to their divorce proceedings. For mixed nationality couples residing in La Rioja, Spanish law will apply. By default, La Rioja follows the Spanish Civil Code, which establishes the economic system of "sociedad de gananciales" for dividing marital assets. Child custody typically favors the mother, but shared custody is allowed in some cases. The document provides additional details on these and other divorce-related topics specific to La Rioja.
Income tax deductions are available in the Spanish region of Murcia for property-related dealings. Some key deductions include a 10% deduction for renovations making a primary residence accessible for disabled individuals, a 3-5% deduction for those under 35 investing in a newly constructed primary home up to €300 annually, and deductions for investments in water and energy saving devices installed in a primary residence or rental property. The deductions apply to both regional and national income tax levels in Spain's complex tax system.
This document provides information on claiming an inheritance under a Spanish will. It outlines 9 key steps: 1) Obtaining a death certificate, 2) Requesting inheritance records, 3) Acquiring life insurance, 4) Obtaining a certified copy of the will, 5) Conducting an inventory of assets, 6) Addressing any debts, 7) Creating an inheritance distribution plan, 8) Paying inheritance taxes, and 9) Transferring assets to beneficiaries. It notes the importance of following Spanish inheritance law procedures and timelines to avoid penalties for late tax payments.
The document discusses ways to reduce inheritance tax in Spain, which can be substantial without planning. It outlines various deductions and exemptions available at the state and regional level, such as exemptions for inheriting a primary residence (up to €122,606.47 per beneficiary) and deducting debts and mortgages from the estate value. The document also discusses estate planning techniques like establishing a life interest versus outright ownership and purchasing property with a mortgage to reduce the taxable value. Careful inheritance tax planning is recommended to minimize taxes owed upon inheritance in Spain.
The document discusses divorce law that applies in the Canary Islands region of Spain. It explains that Spanish civil code determines which country's laws apply in a divorce based on nationality and residency of the spouses. For couples living in the Canary Islands, Spanish law typically governs matters like division of marital assets and child custody, with assets usually shared and custody awarded primarily to the mother. Shared child custody is allowed in some cases.
This document discusses divorce law in the Spanish region of Asturias. It explains that if a married English couple lives in Asturias, Spanish law would apply to their divorce proceedings. For mixed nationality couples residing in Asturias, Spanish law also applies. The document outlines the two main systems for classifying marital assets in Spain - sociedad de gananciales and separación de bienes. Since there are no special regional laws in Asturias, the default system of sociedad de gananciales applies. The document provides an overview of child custody and division of assets in divorces in Asturias.
This document discusses regional divorce law in Cantabria, Spain. It explains that if a married couple lives in Cantabria, Spanish law will generally apply to their divorce even if they were married elsewhere. It also summarizes the two main systems for classifying marital assets in Spain ("sociedad de gananciales" and "separación de bienes"), and notes that Cantabria follows the default system of "sociedad de gananciales." The document provides a brief overview of child custody and visitation in Cantabria as well.
The document discusses divorce law in Andalucía, Spain. It explains that if a married couple lives in Andalucía, Spanish law will generally apply to their divorce even if they were married elsewhere or have different nationalities. For couples in Andalucía, the default marital property regime is "sociedad de gananciales" whereby assets acquired during marriage are shared. Typically mothers are awarded child custody, but shared custody is becoming more common. The document provides an overview of divorce processes and considerations in Andalucía.
The document discusses divorce law in the Balearic Islands region of Spain. It explains that the law applied to a divorce case depends on the nationalities and residence of the spouses. For couples of mixed nationalities residing in the Balearics, Spanish law will apply. It also outlines the typical systems of property distribution during marriage and upon divorce in Spain and the Balearics. Joint custody of children is uncommon in the Balearics compared to other parts of Spain.
Solicitors in Barcelona, Solicitors in Tarragona, Solicitors in Girona, Solicitors in Tortosa. The DMG law office provides the Spanish legal system, Solicitors in Spain in plain English. The DMG law offices in USA, UK, Ireland provide a premier legal service in Spain
The document discusses divorce law that applies in Extremadura, Spain. It explains that Spanish courts will apply the law of the country where the couple shares citizenship, or where they are normally resident. For couples in Extremadura, Spanish civil law typically determines marital property division and child custody issues in divorce, although regional laws may also apply in some cases. Shared child custody following divorce is uncommon in Extremadura but may become more common as laws change.
The document provides an overview of inheritance tax in Spain. It discusses how inheritance tax applies to assets inherited in Spain regardless of the deceased's nationality. It also outlines the factors that determine the tax payable, including tax exemptions, tax rates, the beneficiary's existing wealth, and their relationship to the deceased. Exemptions vary depending on the autonomous community and whether the beneficiary is a resident. The summary provides examples of exemptions available in Andalusia and the Valencia region.
This document discusses regional divorce law in Cataluña, Spain. It explains that Spanish civil code determines which law applies in divorce proceedings, prioritizing the law of a shared nationality, then location of normal shared residency. For couples in Cataluña without a shared nationality or residency, Spanish law applies. It also outlines the two main systems of marriage in Spain - sociedad de gananciales and separación de bienes - and that Cataluña defaults to separación de bienes if not specified. The document provides an overview of dividing marital assets and child custody considerations under Cataluña law.
The document discusses divorce law in Alicante Province, Spain. It explains that (1) Spanish law will apply to divorce proceedings if both spouses share nationality or are normally resident in Spain, (2) the standard marital property classification in Alicante is separation of property, and (3) while custody is usually awarded to the mother, shared custody is becoming more common, especially in the Valencia region where Alicante is located.
This document discusses inheritance tax planning and provides information about inheritance tax rules and thresholds in the UK. It explains that inheritance tax is levied on estates valued over £325,000 (£650,000 for married couples) and outlines various strategies for gift giving and tax planning to reduce potential inheritance tax liability, such as making potentially exempt transfers or putting money into a bare trust for beneficiaries. It stresses the importance of seeking professional advice to ensure an estate passes to beneficiaries rather than leaving a large tax bill.
This document summarizes inheritance tax deductions in Alicante Province, Spain. It discusses how the Spanish government devolved inheritance tax powers to regional governments in 2001. However, some regions only applied deductions to long-term residents until a 2014 ECJ ruling deemed this discriminatory. New legislation now provides the same deductions to EU citizens regardless of residency. The document outlines personal exemptions, deductions for family homes, businesses, and disabilities in Alicante Province. It also details inheritance tax rates in the region up to a maximum of 34% depending on the value of assets and beneficiary relationship to the deceased.
The document discusses inheritance tax deductions and exemptions in Alicante Province, Spain in 2014. Key changes include an increased personal exemption of €100,000 for Group I beneficiaries (children under 21), and €100,000 exemption for Group II beneficiaries (other descendants and spouses). There is also a 95% deduction on the value of a family home up to €150,000 for specified beneficiaries. The deductions available in Alicante are more generous than those approved by the central Spanish government for non-residents.
This document summarizes property sales tax rates in the Valencia region of Spain. It states that the sales tax (IVA) rate for new properties is 10% of the property value, while the standard sales tax (ITP Tax) for second-hand properties is also 10%. A documentary tax (AJD Tax) of 0.1% applies to new properties, and 1.5% on mortgages used to finance purchases. Special tax rates of 4% apply to government-subsidized housing, large families, and disabled individuals purchasing a primary residence. Young buyers under 35 with income under €25,000 receive an reduced 8% rate.
This document summarizes various income tax deductions available for property owners and renters in the Valencia region of Spain. It outlines deductions for purchasing or renovating a primary residence, subsidies for young first-time buyers or disabled buyers, deductions for variable rate mortgages, and deductions for renting a primary or secondary residence for work purposes. The deductions are established by Valencian regional law and have various eligibility criteria related to income limits, deposit requirements, and property usage.
There are income tax deductions available at both the state and regional level in Spain for property-related expenses. At the state level, deductions are available for mortgage interest on a primary residence up to €9,040. Regional governments can provide additional deductions, such as in Madrid where there is a 15% deduction up to €9,040 for home purchases. Deductions are also available for renting a primary residence, home refurbishment, and modifications to increase accessibility. Taxpayers must consider both state and regional deductions that may apply.
Property sales tax rates in Cataluña are as follows:
- The purchase of new build properties attracts a 10% IVA tax on the property value.
- For second-hand properties, the standard ITP tax rate is 10% of the property value.
- There are special reduced tax rates for government subsidized homes, young first-time buyers, those with disabilities, and large families that meet certain income criteria.
Taxes on property transfers in castilla la manchaAdvocate Abroad
The standard property sales tax rate in Castilla La Mancha, Spain is 7% of the property's value. However, a lower rate of 6% applies under certain circumstances, such as if the property is the purchaser's primary residence and valued under €180,000, financed over 50% by a mortgage, or if the true value is equal or higher than the mortgage value. A 6% rate also applies when exercising an option to purchase under a rental agreement if the beneficiary is under 36 and the property is classified as social housing.
The document outlines property sales tax rates in Cantabria, Spain. It states that the standard rate of tax on secondary property transfers in Cantabria is 7% of the property value. For properties over €300,000, the rate increases to 8%. Special lower rates of 5% or 4% can apply in certain circumstances, such as if the property will be the purchaser's primary residence or if the area has experienced depopulation.
Property sales tax rates in Spain are either IVA (VAT) for new properties or ITP (Impuesto de Transmisiones Patrimoniales) for used properties, with rates set by the national and regional governments respectively. For 2011, the IVA rate for new property sales was temporarily reduced to 4% from the standard 8% to boost the market. In Aragon, the standard ITP rate for transferring used residential property is 7%, though large families purchasing a home may qualify for a reduced 3% rate if certain criteria are met including family size, prior home sale, new home value and size, and household income.
This document outlines property sales tax rates in Andalucia, Spain. The purchase of new build properties attracts a 10% IVA tax on the property value. For second-hand properties, the standard ITP tax rate is 8% for properties valued up to 400,000 euros, 9% for properties from 400,000 to 700,000 euros, and 10% for properties over 700,000 euros. An additional AJD tax of 1.5% is also payable on both new builds and mortgages used to finance purchases. Reduced tax rates of 3.5% and 0.3% AJD tax apply for main home purchases by young or disabled buyers under certain conditions.
The document discusses ways to reduce inheritance tax in Spain, which can be substantial without planning. It outlines various deductions and exemptions available at the state and regional level, such as exemptions for inheriting a primary residence (up to €122,606.47 per beneficiary) and deducting debts and mortgages from the estate value. The document also discusses estate planning techniques like establishing a life interest versus outright ownership and purchasing property with a mortgage to reduce the taxable value. Careful inheritance tax planning is recommended to minimize taxes owed upon inheritance in Spain.
The document discusses divorce law that applies in the Canary Islands region of Spain. It explains that Spanish civil code determines which country's laws apply in a divorce based on nationality and residency of the spouses. For couples living in the Canary Islands, Spanish law typically governs matters like division of marital assets and child custody, with assets usually shared and custody awarded primarily to the mother. Shared child custody is allowed in some cases.
This document discusses divorce law in the Spanish region of Asturias. It explains that if a married English couple lives in Asturias, Spanish law would apply to their divorce proceedings. For mixed nationality couples residing in Asturias, Spanish law also applies. The document outlines the two main systems for classifying marital assets in Spain - sociedad de gananciales and separación de bienes. Since there are no special regional laws in Asturias, the default system of sociedad de gananciales applies. The document provides an overview of child custody and division of assets in divorces in Asturias.
This document discusses regional divorce law in Cantabria, Spain. It explains that if a married couple lives in Cantabria, Spanish law will generally apply to their divorce even if they were married elsewhere. It also summarizes the two main systems for classifying marital assets in Spain ("sociedad de gananciales" and "separación de bienes"), and notes that Cantabria follows the default system of "sociedad de gananciales." The document provides a brief overview of child custody and visitation in Cantabria as well.
The document discusses divorce law in Andalucía, Spain. It explains that if a married couple lives in Andalucía, Spanish law will generally apply to their divorce even if they were married elsewhere or have different nationalities. For couples in Andalucía, the default marital property regime is "sociedad de gananciales" whereby assets acquired during marriage are shared. Typically mothers are awarded child custody, but shared custody is becoming more common. The document provides an overview of divorce processes and considerations in Andalucía.
The document discusses divorce law in the Balearic Islands region of Spain. It explains that the law applied to a divorce case depends on the nationalities and residence of the spouses. For couples of mixed nationalities residing in the Balearics, Spanish law will apply. It also outlines the typical systems of property distribution during marriage and upon divorce in Spain and the Balearics. Joint custody of children is uncommon in the Balearics compared to other parts of Spain.
Solicitors in Barcelona, Solicitors in Tarragona, Solicitors in Girona, Solicitors in Tortosa. The DMG law office provides the Spanish legal system, Solicitors in Spain in plain English. The DMG law offices in USA, UK, Ireland provide a premier legal service in Spain
The document discusses divorce law that applies in Extremadura, Spain. It explains that Spanish courts will apply the law of the country where the couple shares citizenship, or where they are normally resident. For couples in Extremadura, Spanish civil law typically determines marital property division and child custody issues in divorce, although regional laws may also apply in some cases. Shared child custody following divorce is uncommon in Extremadura but may become more common as laws change.
The document provides an overview of inheritance tax in Spain. It discusses how inheritance tax applies to assets inherited in Spain regardless of the deceased's nationality. It also outlines the factors that determine the tax payable, including tax exemptions, tax rates, the beneficiary's existing wealth, and their relationship to the deceased. Exemptions vary depending on the autonomous community and whether the beneficiary is a resident. The summary provides examples of exemptions available in Andalusia and the Valencia region.
This document discusses regional divorce law in Cataluña, Spain. It explains that Spanish civil code determines which law applies in divorce proceedings, prioritizing the law of a shared nationality, then location of normal shared residency. For couples in Cataluña without a shared nationality or residency, Spanish law applies. It also outlines the two main systems of marriage in Spain - sociedad de gananciales and separación de bienes - and that Cataluña defaults to separación de bienes if not specified. The document provides an overview of dividing marital assets and child custody considerations under Cataluña law.
The document discusses divorce law in Alicante Province, Spain. It explains that (1) Spanish law will apply to divorce proceedings if both spouses share nationality or are normally resident in Spain, (2) the standard marital property classification in Alicante is separation of property, and (3) while custody is usually awarded to the mother, shared custody is becoming more common, especially in the Valencia region where Alicante is located.
This document discusses inheritance tax planning and provides information about inheritance tax rules and thresholds in the UK. It explains that inheritance tax is levied on estates valued over £325,000 (£650,000 for married couples) and outlines various strategies for gift giving and tax planning to reduce potential inheritance tax liability, such as making potentially exempt transfers or putting money into a bare trust for beneficiaries. It stresses the importance of seeking professional advice to ensure an estate passes to beneficiaries rather than leaving a large tax bill.
This document summarizes inheritance tax deductions in Alicante Province, Spain. It discusses how the Spanish government devolved inheritance tax powers to regional governments in 2001. However, some regions only applied deductions to long-term residents until a 2014 ECJ ruling deemed this discriminatory. New legislation now provides the same deductions to EU citizens regardless of residency. The document outlines personal exemptions, deductions for family homes, businesses, and disabilities in Alicante Province. It also details inheritance tax rates in the region up to a maximum of 34% depending on the value of assets and beneficiary relationship to the deceased.
The document discusses inheritance tax deductions and exemptions in Alicante Province, Spain in 2014. Key changes include an increased personal exemption of €100,000 for Group I beneficiaries (children under 21), and €100,000 exemption for Group II beneficiaries (other descendants and spouses). There is also a 95% deduction on the value of a family home up to €150,000 for specified beneficiaries. The deductions available in Alicante are more generous than those approved by the central Spanish government for non-residents.
This document summarizes property sales tax rates in the Valencia region of Spain. It states that the sales tax (IVA) rate for new properties is 10% of the property value, while the standard sales tax (ITP Tax) for second-hand properties is also 10%. A documentary tax (AJD Tax) of 0.1% applies to new properties, and 1.5% on mortgages used to finance purchases. Special tax rates of 4% apply to government-subsidized housing, large families, and disabled individuals purchasing a primary residence. Young buyers under 35 with income under €25,000 receive an reduced 8% rate.
This document summarizes various income tax deductions available for property owners and renters in the Valencia region of Spain. It outlines deductions for purchasing or renovating a primary residence, subsidies for young first-time buyers or disabled buyers, deductions for variable rate mortgages, and deductions for renting a primary or secondary residence for work purposes. The deductions are established by Valencian regional law and have various eligibility criteria related to income limits, deposit requirements, and property usage.
There are income tax deductions available at both the state and regional level in Spain for property-related expenses. At the state level, deductions are available for mortgage interest on a primary residence up to €9,040. Regional governments can provide additional deductions, such as in Madrid where there is a 15% deduction up to €9,040 for home purchases. Deductions are also available for renting a primary residence, home refurbishment, and modifications to increase accessibility. Taxpayers must consider both state and regional deductions that may apply.
Property sales tax rates in Cataluña are as follows:
- The purchase of new build properties attracts a 10% IVA tax on the property value.
- For second-hand properties, the standard ITP tax rate is 10% of the property value.
- There are special reduced tax rates for government subsidized homes, young first-time buyers, those with disabilities, and large families that meet certain income criteria.
Taxes on property transfers in castilla la manchaAdvocate Abroad
The standard property sales tax rate in Castilla La Mancha, Spain is 7% of the property's value. However, a lower rate of 6% applies under certain circumstances, such as if the property is the purchaser's primary residence and valued under €180,000, financed over 50% by a mortgage, or if the true value is equal or higher than the mortgage value. A 6% rate also applies when exercising an option to purchase under a rental agreement if the beneficiary is under 36 and the property is classified as social housing.
The document outlines property sales tax rates in Cantabria, Spain. It states that the standard rate of tax on secondary property transfers in Cantabria is 7% of the property value. For properties over €300,000, the rate increases to 8%. Special lower rates of 5% or 4% can apply in certain circumstances, such as if the property will be the purchaser's primary residence or if the area has experienced depopulation.
Property sales tax rates in Spain are either IVA (VAT) for new properties or ITP (Impuesto de Transmisiones Patrimoniales) for used properties, with rates set by the national and regional governments respectively. For 2011, the IVA rate for new property sales was temporarily reduced to 4% from the standard 8% to boost the market. In Aragon, the standard ITP rate for transferring used residential property is 7%, though large families purchasing a home may qualify for a reduced 3% rate if certain criteria are met including family size, prior home sale, new home value and size, and household income.
This document outlines property sales tax rates in Andalucia, Spain. The purchase of new build properties attracts a 10% IVA tax on the property value. For second-hand properties, the standard ITP tax rate is 8% for properties valued up to 400,000 euros, 9% for properties from 400,000 to 700,000 euros, and 10% for properties over 700,000 euros. An additional AJD tax of 1.5% is also payable on both new builds and mortgages used to finance purchases. Reduced tax rates of 3.5% and 0.3% AJD tax apply for main home purchases by young or disabled buyers under certain conditions.
This document outlines property sales tax rates in Alicante, Spain. It discusses that the purchase of new build properties attracts a 10% IVA tax rate and second-hand properties have a 10% ITP tax rate. A 0.1% AJD tax is also payable on new builds. Additionally, a 1.5% AJD tax is levied on any mortgages used to finance property purchases. Special tax rates of 4% apply in some cases such as purchases by large families or disabled individuals.
Property sales taxes in the Canary Islands include IGIC tax of 7% for new properties and ITP tax of 6.5% for second-hand properties. An additional AJD tax of 1% is levied on new properties and 0.75% on mortgages. Exceptions to the ITP tax rate include a reduced 4% rate for repossessed, social housing, first-time purchases by those under 35 earning under €25,000, and purchases by large families or disabled individuals under certain conditions.
There are complex income tax deduction systems for property in Spain, with both central and regional governments regulating deductions. Deductions are available for purchasing or renting a primary residence, with different limits and rates depending on income level. Regional governments may provide additional deductions above the central rates, such as higher deductions for purchasing in places like the Canary Islands, Valencia, and Madrid. Deductions are also available for refurbishing a primary residence or rented property.
Property & income tax deductions in the canary islandsAdvocate Abroad
The document discusses income tax deductions available in the Canary Islands region of Spain. It outlines several key deductions residents may be eligible for, including deductions for renovating a primary residence to accommodate disabilities, purchasing a primary residence where higher deductions apply for lower income levels, deducting up to 15% of rental payments for a primary residence under certain income thresholds, and deductions for those with variable rate mortgages until 2012 if income is below certain levels. The deductions apply at both the regional and national government levels in Spain's complex tax system.
This document discusses income tax deductions available in Madrid, Spain. It outlines several key deductions residents may be eligible for, including: (1) a 4.95% deduction on mortgage interest for a primary private residence up to €9,040; (2) an additional 1% deduction for new homes; and (3) a 20% deduction up to €840 for residents under 35 who rent their primary residence. Madrid residents with property dealings may qualify for tax breaks based on both regional and national tax laws in Spain.
Property & income tax deductions in cantabriaAdvocate Abroad
This document discusses income tax deductions available in the Spanish region of Cantabria. There are deductions for purchasing or renovating a property in areas of depopulation, up to 10% of the investment or €300-€600 annually. Renters of a principal private residence can deduct 10% of rent up to €300 if they meet certain age and income requirements. There are no additional deductions for purchasing a principal private residence beyond what is available at the national level in Spain.
Property & income tax deductions in balearic islandsAdvocate Abroad
This document discusses income tax deductions related to property in the Balearic Islands of Spain. It outlines various deductions available for purchasing a primary residence, refurbishing a primary residence to accommodate disabilities, tax breaks for young home buyers, renting a primary residence, and maintaining protected property. Additional deductions may be available at the national level alongside regional deductions in the complex Spanish tax system.
This document discusses income tax deductions available in the autonomous community of Asturias in Spain. It outlines several key deductions: [1] Purchasing or renovating a property to accommodate a disabled person can qualify for a 3% deduction up to €13,664; [2] Buying protected social housing provides a €113 deduction; [3] Renting one's principal residence allows a 10-15% deduction up to €455-606 depending on the property location. No additional deductions beyond national levels exist for purchasing one's principal residence in Asturias.
This document summarizes property sales tax rates in Murcia, Spain for 2015. It discusses the following key points:
1) The purchase of new build properties attracts a 10% IVA tax on the property value. Second-hand properties are subject to an 8% ITP tax.
2) New builds also incur a 2% AJD tax on the property value and second-hand or new builds pay a 1.5% AJD tax on any mortgage.
3) Special lower rates of 3-4% apply for large families, young home buyers under 35 meeting certain criteria, and social housing purchases.
The document discusses income tax deductions available in Cataluña, Spain. There are potential deductions for purchasing a primary residence, renting a primary residence, and renovating a property intended to be a primary residence. Deductions range from 6-12% of purchase price, up to €300-€600 for rent, and 1.5% up to €135 for renovations. Both regional and national governments in Spain regulate income tax and deductions.
BTW UK Visa Application Process, Uk Visa complete guide, Uk Visa fees, requirements and application process. Know all about uk visa and best way to apply for the uk visa. Get to know about the requirements that allows you for the faster visa appliaction. BTW UK Visa Application Process, Uk Visa complete guide, Uk Visa fees, requirements and application process. Know all about uk visa and best way to apply for the uk visa. Get to know about the requirements that allows you for the faster visa appliaction. BTW UK Visa Application Process, Uk Visa complete guide, Uk Visa fees, requirements and application process. Know all about uk visa and best way to apply for the uk visa. Get to know about the requirements that allows you for the faster visa appliaction. BTW UK Visa Application Process, Uk Visa complete guide, Uk Visa fees, requirements and application process. Know all about uk visa and best way to apply for the uk visa. Get to know about the requirements that allows you for the faster visa appliaction. BTW UK Visa Application Process, Uk Visa complete guide, Uk Visa fees, requirements and application process. Know all about uk visa and best way to apply for the uk visa. Get to know about the requirements that allows you for the faster visa appliaction. BTW UK Visa Application Process, Uk Visa complete guide, Uk Visa fees, requirements and application process. Know all about uk visa and best way to apply for the uk visa. Get to know about the requirements that allows you for the faster visa appliaction. BTW UK Visa Application Process, Uk Visa complete guide, Uk Visa fees, requirements and application process. Know all about uk visa and best way to apply for the uk visa. Get to know about the requirements that allows you for the faster visa appliaction. BTW UK Visa Application Process, Uk Visa complete guide, Uk Visa fees, requirements and application process. Know all about uk visa and best way to apply for the uk visa. Get to know about the requirements that allows you for the faster visa appliaction. Get information in this PDF and simplyfy your visa process.
Wayanad-The-Touristry-Heaven to the tour.pptxcosmo-soil
Wayanad, nestled in Kerala's Western Ghats, is a lush paradise renowned for its scenic landscapes, rich biodiversity, and cultural heritage. From trekking Chembra Peak to exploring ancient Edakkal Caves, Wayanad offers thrilling adventures and serene experiences. Its vibrant economy, driven by agriculture and tourism, highlights a harmonious blend of nature, tradition, and modernity.
How To Talk To a Live Person at American Airlinesflyn goo
This page by FlynGoo can become your ultimate guide to connecting with a live person at American Airlines. Have you ever felt lost in the automated maze of customer service menus? FlynGoo is here to rescue you from endless phone trees and automated responses. With just a click or a call to a specific number, we ensure you get the human touch you deserve. No more frustration, no more waiting on hold - we simplify the process, making your travel experience smoother and more enjoyable.
Best Places to Stay in New Brunswick, Canada.Mahogany Manor
New Brunswick, a picturesque province in eastern Canada, offers a plethora of unique and charming places to stay for every kind of traveler. From the historic allure of Fredericton and the vibrant culture of Saint John to the natural beauty of Fundy National Park and the serene coastal towns like St. Andrews by-the-Sea, there's something for everyone. Whether you prefer luxury resorts, cozy inns, rustic lodges, or budget-friendly options, the best places to stay in New Brunswick ensure a memorable stay, allowing you to fully immerse yourself in the province's rich history, stunning landscapes, and warm hospitality.
https://www.mmanor.ca/blog/best-5-bed-and-breakfast-new-brunswick-canada
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2. If you are thinking about getting divorced in Spain
please make sure to view:
10 Must Know Facts For Anyone Planning To Divorce in Spa
2
3. Divorce, Spain and Division of Assets
In 2009, the latest year for which statistics are available, more
than 2400 divorces in Spain actually involved a couple in which
either one or both of the spouses were non-Spanish EU
citizens.
4. Accordingly, it is not surprising that the subject of how assets
are distributed between the spouses following a divorce is of
the utmost importance to those going through the process.
In this presentation we take a look at the factors that govern
the distribution of assets in this situation.
5. 'Separación de Bienes' or 'Sociedad de
Gananciales'
The first matter to determine is the 'type' of marriage the
spouses are deemed to have
Unless publicly signed to the contrary the default status in
Cataluña, Aragón, Navarra, Balearic Islands and Basque
Country is 'Separación de Bienes'
6. 'Separación de Bienes' or 'Sociedad de
Gananciales'
In the remaining regions the default 'type' is 'Sociedad de
gananciales' which is most similar to the concept of marriage
in the UK and Ireland
7. 'Separación de Bienes'
If 'separación de bienes' the couple retain as separate that
which they brought into the marriage along with anything
obtained during the marriage either by purchase, inheritance or
gift.
Any asset bought jointly is owned in the proportion to which the
asset was purchased
8. 'Sociedad de Gananciales'
If 'Sociedad de gananciales' all goods obtained during the
marriage not considered to be 'private' assets may be divided
between the spouses upon divorce
So, examples of assets that may be added to the 'matrimonial
pot' would be:
9. 'Sociedad de Gananciales'
goods obtained by the work or industry of either spouse
income or rents obtained from other goods owned by
either
spouse even if considered to be 'private' goods
business and companies founded during the course of the
marriage where common funds are used
10. 'Sociedad de Gananciales'
Goods purchased initially with common funds that require
installments to be paid later such as hire-purchase will be
shared even if the installments are paid by one of the spouses
11. Private Assets
Only private assets may not be shared in a 'sociedad de
gananciales' type marriage. What types of assets are ordinarily
considered to be 'private'?
12. Private Assets
Those rights and assets possessed before the marriage
Those rights and assets obtained during the marriage
without payment e.g. inheritances or gifts to a particular
spouse
Those rights and assets obtained through an exchange for
private assets belonging to one of the spouses
13. Private Assets
An award for personal damages or damages to private
assets
Clothes and personal belongings not of 'extraordinary'
value
Equipment necessary for the carrying-out of a trade or
profession unless these are an integral part of a common
enterprise
14. Summary
The first step to determining how matrimonial assets are to
be distributed between a divorcing couple in Spain is to
determine what 'type' of marriage they have
If the marriage is 'sociedad de gananciales' then it is
necessary to separate those assets which are shared and
those which are 'private'
15. Summary
If 'separacion de bienes' the only consideration that must
be made relates to those assets that are acquired jointly
which should be split in propotion to the contribution each
spouse made
16. For access to divorce services in Spain
at exceptional prices go to:
Family Law Services in Spain
17. More information and contact:
www.myadvocatespain.com
info@myadvocatespain.com
Tel. +34 931 768 051