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In some countries you cannot do just as you please with your assets as you like. Inheritance rules apply.
This can give rise to many problems all at your expense. It is much cheaper to make a will, even in younger years. A lot of property and yacht owners from northern Europe b.e. made bad experiences in the south of Europe, because of a diferent heritage law situation.
With a well planned will there are ways of reducing what your inheritors will have to pay later. What if dont make a will of any kind? Just ask and find the best specialist for you on lawyers4heritage.com.
Direct link: How to ask a lawyer
... get your questions answered for free by a specialized lawyer NOW.
Knowledgebase: last questions answered
Property in Spain – but never there for more than 180 days
Problem: I was married to a Spaniard for just over 10 years. We had one child together. He recently passed away. We were separated at the time of his death, but not legally. I am a United States citizen and I currently live in New York. I have property in Spain (Estepona), although, I am [...]
Selling a property to my daughter
Problem: The property is in Spain. Do I have to care about the market price? Can I sell it for a symbolic price? Original poster Solution: You can sell your property for the price you want. But take care, the goverment (Ministerio de Hacienda) asks for the tax related to the real price of the [...]
Where to pay inheritance tax?
Problem: I live abroad and I inherited from a relative who lives in Spain. Where I have to pay the inheritance tax? (Admin note: sent by Google+) Original poster Solution: The inheritance tax must be payed at the Agencia Tributaria. You have to present the documents and the tax model Nr. 652. Agencia Estatal de [...]
Blog: last articles
Cash Transactions exceeding 2,500 Euros banned in Spain
Transactions in cash exceeding 2,500 Euros are banned in Spain starting on 19th of November 2012. Spain´s Prime Minister, Mariano Rajoy, has announced this on April 2012 to combat tax evasion. Similar moves were done by the Italian government, which recently announced plans to ban cash transactions above 1,000 euros. Important to know, the 2,500 [...]
European Union approved the REGULATION of persons who die mid 2015
The European Parliament and The Council of the European Union have approved the REGULATION 650/2012 of 4th July 2012 on: “Jurisdiction, applicable law, recognition and enforcement of decision and acceptance and enforcement of authentic instruments in matters of succession and on the creation of European Certificate of Succession“. This Regulation shall apply to the succession [...]
Non-Residence Succession and Donation Tax in Spain
The following case, originally brought on 7th March 2012, is currently being decided by the European Court of Justice: Parties: Applicant: European Commission Defendant: Kingdom of Spain The case is regarding the discriminatory application of Succession and Donation Tax between residents and non-residents in Spain. The Applicant claims before the Court, that there is a [...]
Transactions in cash exceeding 2,500 Euros are banned in Spain starting on 19th of November 2012. Spain´s Prime Minister, Mariano Rajoy, has announced this on April 2012 to combat tax evasion. Similar moves were done by the Italian government, which recently announced plans to ban cash transactions above 1,000 euros. Important to know, the 2,500 […]
Cash Transactions exceeding 2,500 Euros are banned in Spain http://en.nauticwebnews.com/4555
The Government in its recent budget, has announced the abolition of import duty for vessels over 18 metres in length and the reduction of import duty for vessels under 18 metres from 12% to 6%. This is a welcome move aimed at stimulating the growth of the super-yacht sector, by encouraging some of these vessels […]
Superyacht Tax Reduction for Gibraltar http://en.nauticwebnews.com/4402
Captain Paul Watson was arrested last saturday in Germany for extradition to Costa Rica. The German police have said that the warrant for Captain Watson’s arrest is in response to an alleged violation of ships traffic in Costa Rica, which occurred during the filming of Sharkwater in 2002. The specific “violation of ships traffic” incident […]
German authorities arrested Captain of Sea Shepherd http://en.nauticwebnews.com/4144
Everybody tells his Facebook Friends where and when to go. Means, all their friends know about, and the burglers too. We discussed this topic several times with clients and friends participating on regattas, going on holidays or going for sailing. If you want to know more about or to get some security information, visit the […]
Regattas or Holidays: Burglers like Facebook http://en.nauticwebnews.com/1383
At the Palma International Boat Show in Mallorca, the planned protest by all sectors of the Spanish and Balearic yachting / water sports industry reached a momentous level of volume at exactly 12:00 noon, on each day over the May bank holiday weekend. Dozens of volunteers from the various yachting associations had spent the previous […]
Protests against the spanish matriculation tax http://en.nauticwebnews.com/1031
Credit card fraud is becoming commonplace round the world and a number of the sailors I spoke to last week from the World ARC Rally had been ripped off during their circumnavigation. One skipper who had a standing order to have his current account topped up automatically from a savings account had $20,000 dollars plundered […]
Credit card fraud: getting ripped off while sailing http://en.nauticwebnews.com/949
The concession agreement for the Malta Super Yacht Yard Facility was signed today between the government and Palumbo Malta Superyachts Limited. The concession is for 30 years and the global amount to be paid by Palumbo reaches €29.4million. This is made up of a purchase agreement of €7.5million and rentals of €500,000 revisable by 15 […]
Malta: Superyacht facility privatisation agreement signed http://en.nauticwebnews.com/770
One of the benefits to yachting is the fact that they operate in a Tax-Free environment. Due to the fact that majority of the worlds luxury yachts are registered in Tax Havens like the Cayman Islands, Isle of Man. When you start out in the yachting industry earning tax free dollars, it’s wise to open […]
Offshore Banking & Tax http://en.nauticwebnews.com/722
Sun, blue skies, the allure of travelling all over the world, not to mention the fantastic change of scenery, is the main reason that most of us work on yachts. For those that have not had the chance of working on Luxury Yachts, then there’s more than a few things to consider. The Luxury Yachting […]
Working on Luxury Yachts, then there is more than a few things to consider http://en.nauticwebnews.com/720
RYA changes entry criteria for International Certificate of Competence The RYA has announced that changes will be made to the issuing criteria of the International Certificate of Competence (ICC) to make it available to boaters other than British nationals. Previously, the RYA was only able to issue the ICC to British nationals and residents, which […]
ICC now available to foreigners http://en.nauticwebnews.com/699
Getting a Licence The título de recreo is applied for and issued either by a school recognised by the Spanish Dirección General de la Marina Mercante or one of the Autonomous Communities. A medical certificate (certificado médico) is needed and the exam includes a series of safety, navigability and boat basic principles tests. The título […]
Sailing and Boating Licences in Spain http://en.nauticwebnews.com/547
POLLUTION AND GLOBAL WARMING The Department of Marine and Coastal Resources is seeking the closure of two diving paradises, the Similan and Surin national parks after the coral there was found suffering from bleaching. Thailand Travel Information by The Nation The scope of the corals destroyed from the bleaching has been wide and unless proper […]
Thailand: Diving paradises may be closed http://en.nauticwebnews.com/522
Getting out on the water for the first time is becoming increasingly easy with the numerous RYA recognised training centres and charter companies which are based all over the world. If you want to venture out on the water, under sail or power, then look no further than the RYA website to help you take your first steps afloat.
Start boating – RYA http://en.nauticwebnews.com/272
The Mediterranean is very unpredictable when it comes to licensing requirements. Every destination, and every yacht charter company seems to have different rules and regulations. Countries of the EU The European Union is working on an ICC (International Certificate of Competence) license for all the countries of the EU, but it’s not ready yet. So […]
Sailing license requirement http://en.nauticwebnews.com/132