It is very important, especially for foreigners who have assets in the Balearic Islands or their future beneficiaries, to be informed on the Spanish process of succession and inheritance. In Spain, unlike in other countries, the Inheritance Tax is payable by each of the heirs and not by the estate. The rules and tax rates […]Continue reading

The Spanish Government has recently approved some legal changes to housing rental contracts: both for long term or short term/touristic rentals. One of the changes in long term rental contracts is that upon renewal, the extension of contracts’ duration is for 5 years (instead of the previous 3 years) or 7 years if the landlord […]Continue reading