+34 958 63 01 14 info@velascolawyers.com

Making a testament in Spain is essential

If you, as a foreigner, own a property or any assets in Spain, it is not only advisable to make a testament also in Spain – it is essential! 1. You decide who to leave your assets and property and their amounts, not the Spanish law. 2. It can run concurrent with...

Brexit 2020 and its consequences for UK citizens in Spain

On the 31st of January 2020 the UK will leave the European Union. Until the end of 2020 the UK wants to negotiate a Free Trade Agreement with the EU – a very short time frame. However, the petition for another prolongation of the transition period, which must be...

New reductions on Inheritance and Donations Tax

On the 09/04/2019 the Junta de Andalucía approved the reduction of tax on inheritances of amounts over one million Euros to 1 %. The previous regulation from 1st January 2018, approved to increase the minimum exempt of inheritance tax from 250,000 € to 1,000,000 €....