A new inheritance tax laws information report has been launched by Andalucia Realty, the Marbella real estate specialists. The agency is known for providing the best service for Costa del Sol property buyers.
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Andalucia Realty has launched a new report focusing on the new inheritance tax laws in the area and how they can help to save clients money. People looking to buy apartments for sale in Costa del Sol, will find a lot of useful information in the article. The report details that the new laws intend to reduce or suppress the amount of taxes due when inheriting or being gifted money.
More information can be found at: https://andaluciarealty.com/en
The newly launched report highlights that the new law will help beneficiaries in Group I and Group II to avoid the previous heavy taxation when receiving money.
Group I includes natural and adopted children under 21, while Group II includes natural and adopted children over 21 along with spouses, registered civil partnerships, parents, adoptive parents, grandparents and great grandparents.
The new Andalucia Realty report explains that certain restrictions apply to these aforementioned conditions. The recipient must be an EEA/EU resident, and the new taxable base benefits can offer tax relief up to 99%.
Secondly, the recipient must have a Spanish lawyer draft up a Gift Deed witnessed by a Spanish Notary Public and submit a Gift Tax Return.
If those receiving money fail to follow these requirements, they could be liable to pay steep taxes of up to 88% as per the new report from Andalucia Realty.
The report states: “This revolutionary new tax law means that in the foreseeable future many individuals will flock to the Costa del Sol, seeing it as a low taxation area offering a means to preserve their wealth as it is passed down to future generations.”
Interested parties looking to find their ideal home in the Costa del Sol and the Marbella areas can get in touch with Andalucia Realty for all their property needs.
The agency is a leading real estate firm with over 20 years of experience working in the property market of Marbella. The team prides itself on offering the highest levels of service for all its clients.Do not hesitate to contact them if you are looking for apartments for sale in costa del sol.
Full details can be found on the URL above.
Contact Info:
Name: Laura
Email: Send Email
Organization: Andalucia Realty
Address: Avenida Del Prado, c/ viena Sales Office Andalucia Realty, Marbella, Malaga 29660, Spain
Phone: +34-952-81-47-67
Website: https://andaluciarealty.com/en/
Source: PressCable
Release ID: 88914355
