Spanish Tax Rise to Target the Wealthy
Posted by admin on Jun 14, 2010 in Blog, Spanish Banks, Spanish Property Market, Spanish Taxes, Tax Planning Spain | Comments Off
Wealthy individuals living in Spain need to brace themselves for an unexpected tax shock. Spanish Prime Minister, José Luis Rodríguez Zapatero, has announced an imminent tax increase for “those who actually have more”. Whether this is the last of the tax rises or there are more to follow remains to be seen. It raises...
Reduce Spanish and UK Inheritance Tax with A QNUPS
Posted by admin on Jun 14, 2010 in Blog, Buying Spanish Property, Invest in Spain, Selling Spanish Property, Spanish Property Market, Spanish Taxes, Tax Planning Spain | Comments Off
British expatriates living in Spain want to feel confident that their wealth will last them for the rest of their retirement and keep them in a comfortable lifestyle. Paying less tax is one way to protect your assets and legitimate tax planning methods can help with this. The latest arrangement available to British...
Spanish Economy-Bank Debt Back In the Spotlight
Posted by admin on Jun 14, 2010 in Blog, Invest in Spain, Spanish Banks, Spanish Property Market | Comments Off
The scenes of long queues of people outside Northern Rock have faded somewhat from memory. While not completely forgotten, they seem a long time ago now – it was in September 2007 after all. The following autumn then saw the collapse of Lehman Brothers and less than a month later Icelandic banks Kaupthing and Landsbanki...
Spanish Currency transfers – Britons missing out on £101M each year on international money transfers
Posted by admin on Jun 8, 2010 in Blog, Currency Exchange | Comments Off
Poor bank rates and high charges for foreign exchange transactions mean individuals need to be savvier when transferring money overseas. Research by Moneycorp reveals that Brits are potentially losing over £101m a year by not shopping around for the best deals when transferring money abroad. Furthermore, uncompetitive...
Spanish Home repossessions are on the increase.
Posted by admin on Jun 7, 2010 in Blog, Selling Spanish Property, Spanish Banks, Spanish Mortgages, Spanish Property Market | Comments Off
The government has accepted to reform the code of civil procedure to raise the threshold for salaries that cannot be seized when executing a mortgage in order to protect low income families and follow through with a proposal from the IU-ICV parliamentary group. With the new legislation, pending final approval, the minimum...
Spanish Banks The Bank de España wants to reduce banks’ property portfolios
Posted by admin on Jun 7, 2010 in Blog, Buying Spanish Property, Invest in Spain, Spanish Banks, Spanish Mortgages, Spanish Property Market | Comments Off
The Banco de España (bde) has asked a large number of banks to undertake an impact test for their residential Spanish properties and other real estate assets in order to draw up a new strategy, based on provisions whose purpose is to ensure banks and savings banks sell their residential real estate as soon as possible. The...
Buying Spanish Property – Government cuts Notary fees, making it fractionally cheaper to buy a home in Spain.
Posted by admin on Jun 7, 2010 in Blog, Buying Spanish Property, Selling Spanish Property, Spanish Property Market | Comments Off
The government has announced a 5% reduction in notary and registry fees on property deeds as part of a package of measures to reduce the deficit and stimulate the economy. Notaries and Registrars are screaming blue murder at this attack on their earnings; whilst house buyers will hardly notice the difference the savings are so...
The Spanish property Market is at an Impasse, says an expert.
Posted by admin on Jun 1, 2010 in Blog, Buying Spanish Property, Invest in Spain, Selling Spanish Property, Spanish Property Market | Comments Off
What does the immediate future hold for the Spanish property market? Stagnation or another lurch downwards, according to one industry leader. “The property market is under observation. Either we have touched bottom, or we are going to fall again.” That was Juan Fernández-Aceytuno, Managing Director of Sociedad de...
