IN the past, many people when they wanted to buy or sell a property in Spain, considered the possibility of creating a corporate structure abroad to which the property would be allocated or invested. They did this in order to avoid paying certain taxes in Spain, such as the Transfer Tax, the Capital Gains Taxes, […]
Revolving credit cards. Nullity. Abusive interests How to claim
Spanish revolving credit cards and their status REVOLVING credit cards are a form of financing, since they allow the repayment of money received from the bank, in a flexible way, normally through monthly payments, which will correspond to a fixed monthly fee, or, where appropriate, a percentage of the pending debt. Many banks in Spain […]
Inheritance Tax in Spain. Tax consequences of the inheritance renunciation.
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 […]