Before Brexit, British holiday home owners in Spain could spend long periods there without any legal impediments. Everything changed on 31 January 2020 when the UK officially became a non-EU country and its nationals became subject to the rules on stay in the Schengen area. Since then, a UK national can spend…Details
A property in a state of proindivisión, commonly known as pro-indiviso, is one that is under co-ownership, in other words, it belongs to several individuals and has not been physically divided between them. Those individuals do not exclusively enjoy a part of the property, instead all of them -in theory- own the whole property, enjoying…Details
I OWN A PROPERTY (OR OTHER ASSETS) IN ANDALUCÍA BUT I AM NOT SPANISH. IN THE EVENT OF MY DEATH, WILL MY HEIRS HAVE TO PAY INHERITANCE TAX?
This is a question often asked by customers who come to our office looking for advice. In this article we will try to explain the current situation so that you can plan the best way of transferring your assets to your loved ones. In Andalucía inheritance tax has reduced considerably since the Partido Popular (Spain’s…Details
The Costa de la Luz is blessed with beautiful white villages, endless unspoiled beaches, an average of 330 days of sunshine a year, stunning natural parks and protected areas that prevent urban sprawls along the coast, and many fascinating ruins and relics from the past. Not everything is perfect though. Unfortunately, our government is not…Details
Holiday rentals are undoubtedly a profitable investment, especially in tourist areas such as the Andalusian coast. In order to rent out dwellings for tourist purposes in Andalusia, it is essential to obtain a licence. The requirements for obtaining such a licence are as follows: To have an occupancy licence, duly granted by the pertinent city council. They…Details
Investing in cryptocurrencies is becoming increasingly popular due to their high long-term profitability, especially by hiring expert brokers to effectively manage this highly volatile asset. According to the Spanish law on the prevention of money laundering, a virtual currency is a digital representation of value that is neither issued nor guaranteed by a central…Details