Category: Property
-
Varying a Spanish Will Using an English Deed of Variation
Most people familiar with the administration of an English estate know that a Deed of Variation can be used in England (and Wales) to change the distribution of an estate within two years of the date of death, provided certain criteria are met: That much is well-known — but what about foreign assets, such as…
-
Returning the keys to the bank after the death of a relative
One of the first phrases that I learnt when I moved to the UK to work as a Spanish lawyer was “catch 22”. At the beginning I did not have a clue as to what it meant (‘a paradoxical situation from which an individual cannot escape because of contradictory rules or limitations’ says Wikipedia) but…
-
Renting property in Barcelona
Ah, Barcelona. Lovely city. Famous for its gastronomy, football, fashion and its Architecture, specially buildings designed by Antoni Gaudi such as the Sagrada Familia, Casa Mila or Parc Güell. A very cosmopolitan city with inhabitants of all countries and cultures. Also a great place for foreign remote workers and professionals…
-
What is the plusvalía tax? And why should it be charged after the death of a person?
This is a question very frequently asked by our clients. The question usually comes with a frown on the face. Clients understand the concept of Inheritance tax: someone dies, and the Tax office applies a tax because the beneficiary gets “presumably” wealthier. So far, so good but what is the plusvalía tax then? Clearly, the…
-
Buying property in Spain under-value
Spain is still recovering from the brutal economic recession that has affected its economy for the last 10 years. One of the main consequences of the recession was the collapse of the property market where properties went down in value consistently, reaching lower values that left many property owners in negative equity as their…
-
Spanish mortgages – Latest news.
Following our previous article about mortgages in Spain. The CJEU resolution (21th of December 2016) allows consumers to claim their money back retrospectively from Spanish Banks As we explained in our previous article, The Court of Justice of the European Union (CJEU) was recently asked to decide about an important case for Spanish…
-
Spanish Powers of Attorney signed in the UK
A new Spanish case Decision by the Director General of Notaries and Registrars in Spain (DGRN) has been issued on the 14th of September 2016 affecting Spanish Powers of Attorney signed abroad and therefore also those signed in the United Kingdom. The said decision of the DGNR rejected the registration in Spain of a purchase…