April 2nd, 2009
NO!
Whilst some believe that the Spanish Tax Authority might have been easily fooled in the past, that is not the case now. The reality is that for a tax debt to be ’statute barred’, the period is longer than 4 years. Hacienda have strong and far-reaching investigative powers these days. Resources are very serious indeed about collecting Succession Tax when it is due. At Legal4spain, we would never recommend such evasive measures, simply because they are unwise, as well as unnecessary. There are totally legal and legitimate ways to reduce your tax exposure by planning ahead. Not to mention, the benefit of helping you sleep at night without fearing Hacienda’s knock at your door!
February 10th, 2009
In relation to estates with Spanish assets, the Spanish N.I.E. (Número de Identificación de Estranjeros) number is the foreign individual’s fiscal identity number. If you have a Spanish property and/or a bank account, you will probably already have this number so you do not need to take any action. Otherwise, it should be applied for as soon as possible. Also, any beneficiaries, who are intended to inherit Spanish assets under your will, require an N.I.E. number. It is highly advisable for all beneficiaries to have N.I.E. numbers at the earliest stage possible- i.e. during the lifetime of the testator, as this speeds up the probate process and can therefore significantly reduce costs and the likelihood of delays. We can provide support for obtaining N.I.E.s both in Spain and without the applicant even leaving home.
January 18th, 2009
LEGAL4Spain is go!
Since the launch of LEGAL4Spain, the company has been busy providing Wills, estate planning, probate services and advice for clients with assets in Spain. Managing Director Andrew Eastwood is delighted to announce the launch of their new web site at LEGAL4Spain.com.
This unique business has already provided reassurance and proficient legal and commercial advice to people who live around the world and own properties and other assets in Spain.
Andrew has commented, “Our team is committed to helping clients feel confident that their property will be passed down to their beneficiaries in the most effective and tax efficient manner. Our task is to ensure that the wishes for the inheritance of their assets are fulfilled exactly as they intended.”
