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Everything related to taxes is complex and often feared. In Spain, as in many other countries, there are different taxes applicable to transactions and individuals depending on each individual’s specific situation. Let’s clarify some aspects related to Spanish taxation for foreigners. Which foreigners must declare their income? The difference between declaring income tax and not...
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When receiving an inheritance, the question may arise as to whether it is better to accept or reject the inheritance, especially if you are not entirely clear about everything the deceased owned. Why consider rejecting the inheritance When an inheritance is accepted, personal assets undergo changes related to both the deceased’s assets and rights, as...
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If you want to buy a property, one of the most important aspects is the economic question, because the amount is usually important. Knowing how to finance the purchase of a home is essential when making a decision. Cash payment Although it would be desirable for most people, the reality is that few home buyers...
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An inheritance is the set of assets, rights and obligations that are transferred to the heirs after the death of a person. Various people and elements are involved in this transmission to ensure it ends correctly. Main legal figures in an inheritance The following people are usually part of the inheritance process. Testator This is...
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When you receive the news that you are an heir in the will of a deceased relative, a common question is how to accept the inheritance. Let’s see everything. What is acceptance of inheritance? Acceptance of inheritance is the process in which a person who is going to inherit expresses that he or she accepts...
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Tourist rentals are booming, there’s no doubt about it. That’s why many people are considering buying a home for tourist use as a great business idea. What is a tourist apartment? A tourist home is a category of accommodation according to each regional vacation rental regulation in Spain. This is a property intended to provide...
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If you don’t know what to do when a family member dies regarding procedures related to the inheritance, keep reading. Let’s see step by step what needs to be done to process an inheritance. What is an inheritance? An inheritance is a legal act by which the assets, rights and obligations of a person who...
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When someone dies, it’s common to review everything related to the inheritance in their will, to learn the details of succession and other related issues. But what happens if there is no will? Intestate succession Intestate succession occurs when a death occurs without a will. Article 912 of the Civil Code states that this type...
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When visiting a property with the intention of buying it, the illusion or the thought that it is a great buying opportunity can cause you to overlook certain details that are important to review. What should I look out for when viewing a property? The most important elements of a property must be carefully reviewed,...
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This year 2024 has ended with a significant increase in home purchases in Spain. This has been motivated by various reasons and may produce changes in the sale and rental prices of properties for next year. Figures on the rise in home sales The number of home sales has increased by more than 50% compared...
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