Vivagestoria – Page 2 – Viva Gestoria

There is a lot of contradictory information regarding the calculation of the Inheritance Tax. There was a national law applicable to non-residents and a different law with a regional character that applied to those who were residents in each of the regions with legislative autonomy. Nowadays the regional law is applicable to both residents and non-residents.

The risk of paying high rates

But is there a real risk of ending up paying very high rates? Do not be alarmed. Before the 1st January 2015 most of the Spanish residents that inherited from other residents paid little or nothing given the existence of reductions in the taxable figure. Now all those reductions, bonuses and exemptions are fully applicable to non-residents.

Spanish land grab law

Saturday February 28th, 2015Tuesday January 15th, 2019 Vivagestoria

Spanish land grab law

The issue of the Spanish land grab law revolves around three classifications of land – land already urbanised, land suitable for urbanisation and rural land. As in any developing country, Spanish rural land is sometimes re-classified by the local authorities as suitable for urbanisation (development).

What about Alicante and Valencia?

Unfortunately, in the Valencia area of Spain the land grab law was badly drafted. In Alicante it was allowing a small number of developers and local authorities to exploit the situation, principally in coastal areas where land is in shorter supply and values are at their highest. It led to land expropriation of innocent private owners and compulsory payments for roads, streetlights and so on.