Tag: Spanish lawyer
-
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.…
-
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…
-
To let or not to let? A brief summary on the 1st year of the Spanish Express Eviction law
In December 2009, a new law, commonly known as “Express Eviction law” was put into place in Spain. The purpose of this law was to speed the tediously slow eviction procedure in Spain. The law was welcomed with many “hoorays” by residential landlords who were suffering the consequences of a slow eviction procedure. The truth…
-
Some hope for Spanish home owners in mortgages arrears
The Court of Appeal in Navarra issued on the 17th December of 2010 a Judgment that is raising hopes and expectations for home owners of Spanish properties that are today in mortgage arrears. Any person entering into a Spanish mortgage responds with all his personal assets for the payment of that debt. This means that,…