Category: Wills and Probate
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To value or not to value? That is the question.
The other day a client was in the process of filing an Inheritance tax form and he asked me which value he had to give to a Spanish property he had just inherited. In England the answer is quite simple: you must use the open market value. This generally means getting the property valued.…
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Mistakes made when granting a Spanish will- Part IV
This is my last article on the topic that I started some weeks ago. I could write about wills for weeks as this is a subject that I enjoy quite a lot but I am aware that this would make my blog quite boring and repetitive. I have therefore decided to conclude with an…
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Mistakes made when making a Spanish Will- Part III
This week I will talk about a mistake that is made after making a Spanish Will. I am talking about marriage. Obviously, I am not saying that marriage is a mistake (although some of my divorced friends may have something to say in this respect…). It is what happens with the marriage what worries me.…
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Mistakes made when granting a Spanish will – Part II
About two weeks ago I started a series of posts on the most common mistakes made when granting a Spanish Will. Now is time for another post. In my previous post I made mention to the tax aspects of leaving the property or a share on a property to the surviving spouse. This time I…
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Mistakes made when granting a Spanish will- Part I
As some of the readers of this blog are aware, I am a Spanish lawyer based in Manchester, UK. Most of my clients are British with interests or assets in Spain. I think I have lost track of the number of Spanish wills I have drafted in the last 7 years since I came to…
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Charities, the EU and Spain- Tax differences
On the 10th February, the European Court of Justice issued an important Judgement in connection to the tax treatment to Charities within the UE in respect of Inheritance Tax. The Judgement is a response to the current variety of regulations within the Union in connection to Inheritance taxes and more particularly to Charities. In this…
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About the “international wills” and other confusing type of wills
The World is getting smaller. There is no doubt about it. In this era of globalisation, we have seen British acquiring properties in other countries such as Spain, France, Italy, you name it. The British affair with sunny places is well known. Programs such as “A place in the sun” are a good example of…
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About the convenience of making a separate Spanish will
Many Britons own property in Spain. The majority of them will know by now how convenient is to make a Will to cover their Spanish assets. They will have seen it on TV programs or read about in in the press or on the internet. However, I still find many cases where a Spanish Will has…