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On Saturday, 31st of May 2025, the Official Gazette of the Generalitat Valenciana published Law 5/2025, of 30 May. This new “Law of Measures” introduces significant amendments to the regional regulation of several taxes, notably the Wealth Tax (IP), Inheritance and Donations Tax (ISD), and the Tax on Property Transfers and Documented Legal Acts (ITPAJD). […]
Correctly declaring a gift in Spain will not only help you avoid problems with the Tax Authorities. It will also enable you to benefit from significant bonuses and deductions under both state and/or regional regulations. In this week’s article, we discuss the most important aspects of gifts in Spain that both the donor (the person […]
When someone passes away, it is very important to remember that heirs will not only receive the assets left by the deceased. They will also inherit, except in certain cases (acceptance of inheritance with benefit of inventory), the debts that the deceased may have incurred during their lifetime. This is a crucial aspect that many […]
