Month: February 2012

  • Dacion en pago for non-residents. Do we have a deal?

    If you have read the Spanish press this week you will probably have seen plenty of articles on the Government’s new proposal to solve the current problems with those who cannot pay the mortgage.  Luis de Guindos, Minister of Economy, will announce this week some new measures to enable consumers to surrender their properties back…

  • Lets talk about gifts

          In this space I have talked about wills and inheritances very often but never, as far as I can recall, about gifts. Is it generally a good idea to gift assets in Spain? The answer is also generally no. Why? For one simple reason: taxes.   A gift will always be subject to gift tax…

  • Ok, marriage is over. Now what do we do with the property?

                                                         Many Brits own property in Spain. In most of the cases, the property is owned by a married couple. So, what happens when the couple divorce or, more specifically, who gets the Spanish property? The most normal thing is for the Judge who deals with the divorce to make a provision in the…