Tax Guide for Foreigners Buying Properties on the Levante Coast

Today we are going to talk about a crucial issue for those who want to purchase property in this paradisiacal region: taxes.   Buying property on the Costa Blanca is a dream for many foreigners, but it is important to understand the tax implications before taking the step. Here is a basic guide to help you better understand this aspect: Property Transfer Tax (ITP): When you buy a second-hand property in Spain, you must pay the Property Transfer Tax (ITP). The tax rate varies depending on the Autonomous Community, but in the Valencian Community, where the Costa [...]

Tax Guide for Foreigners Buying Properties on the Levante Coast2024-03-28T10:53:27+00:00

Benefits of the Latest Law on the Suppression of Inheritance and Donation Taxes in the Valencian Community. Law 29/1987 on the Inheritance and Donation Tax.

If you are a resident of the Valencian Community or are thinking of moving to this beautiful region of Spain, it is crucial to be aware of the latest legal updates that can have a significant impact on your assets. At A&G Lawyers, we are pleased to inform you about the recent law to eliminate inheritance and donation taxes in the Valencian Community and how it can benefit you. In Valencian Community, the 99% bonus on the Inheritance and Donation Tax has been approved with retroactive effect from May 28, 2023. It will be applied for the [...]

Benefits of the Latest Law on the Suppression of Inheritance and Donation Taxes in the Valencian Community. Law 29/1987 on the Inheritance and Donation Tax.2024-02-23T12:01:26+00:00
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