IT is well known that when one becomes the beneficiary of an inheritance in Spain, inheritance tax must be paid. The deadline to submit and pay this tax to ensure that there are no surcharges or penalties is six months from the death of the person leaving the inheritance. However, the statute of limitations for […]
Purchase and sale of properties in Spain. Who should pay the notary fees and expenses?
Question: WE intend to purchase a property in the Valencian Community, probably in the area of Pedreguer, Denia, Javea, etc., and we have received contradictory legal advice on who should pay the expenses and fees of the Spanish notary in relation to the deed of sale. Some advisors and estate agents have informed us that […]
Inheritances in Spain. What happens with the rented properties? Unsettled estate or Yacente
Question. WE are foreigners and our mother who recently died, owned a property in Denia, which was and is still rented out. She had several properties in Spain as well as assets in England but we have not yet identified which is her last valid Will. This means that we don ‘t know who is […]