{"id":33348,"date":"2025-12-12T08:56:56","date_gmt":"2025-12-12T07:56:56","guid":{"rendered":"https:\/\/www.confianz.be\/?post_type=podcast&#038;p=33348"},"modified":"2025-12-12T08:56:59","modified_gmt":"2025-12-12T07:56:59","slug":"split-purchase-spain-podcast","status":"publish","type":"podcast","link":"https:\/\/www.confianz.be\/en\/podcast\/gesplitste-aankoop-spanje-podcast\/","title":{"rendered":"The split purchase in Spain explained"},"content":{"rendered":"<p>In this episode, An-Sofie and Glenn discuss a construction that for many years was the classic Belgian succession planning for real estate in Spain: <strong>the split purchase<\/strong>. Parents buy usufruct, children bare ownership. Smart? Sometimes. But new tax rules - both in Belgium and Spain - make this technique much less obvious today.<\/p>\n\n\n\n<p>Listen on <strong><a href=\"https:\/\/youtu.be\/jbtByrPuaks\" data-type=\"link\" data-id=\"https:\/\/youtu.be\/jbtByrPuaks\" target=\"_blank\" rel=\"noopener\">Youtube<\/a><\/strong>, <strong><a href=\"https:\/\/open.spotify.com\/episode\/0UEFPZsW4bx1Mj8zhu3JUt?si=JhVTnuCHQTO5jJlyZf5ozQ\" data-type=\"link\" data-id=\"https:\/\/open.spotify.com\/episode\/0UEFPZsW4bx1Mj8zhu3JUt?si=JhVTnuCHQTO5jJlyZf5ozQ\" target=\"_blank\" rel=\"noopener\">Spotify <\/a><\/strong>or <strong><a href=\"https:\/\/podcasts.apple.com\/us\/podcast\/de-gesplitste-aankoop-in-spanje-uitgelegd\/id1819117882?i=1000740965799\" data-type=\"link\" data-id=\"https:\/\/podcasts.apple.com\/us\/podcast\/de-gesplitste-aankoop-in-spanje-uitgelegd\/id1819117882?i=1000740965799\" target=\"_blank\" rel=\"noopener\">Apple Podcasts.<\/a><\/strong><\/p>\n\n\n\n<p>We discuss clearly, practically and with concrete examples where it goes wrong, when it is still interesting and why there is a better alternative nowadays.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>What will be covered?<\/strong><\/h2>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>1. What exactly is a split purchase?<\/strong><\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Explanation of usufruct vs bare ownership<\/li>\n\n\n\n<li>Legal implications: who gets to do what?<\/li>\n\n\n\n<li>Why parents become dependent on children's signatures<\/li>\n<\/ul>\n\n\n\n<p><\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>2. Tax consequences in Spain on purchase<\/strong><\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>How Spain calculates the value of usufruct and bare ownership<\/li>\n\n\n\n<li>The impact of new construction vs resale<\/li>\n\n\n\n<li>Why some promoters do not allow split purchase<\/li>\n<\/ul>\n\n\n\n<p><\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>3. Belgian tax concerns<\/strong><\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>The bank gift: to register or not?<\/li>\n\n\n\n<li>The\u00a0<strong>suspect period of five years<\/strong>\u00a0(and the risk of inheritance tax up to 27%)<\/li>\n\n\n\n<li>Differences between Flanders, Brussels and Wallonia<\/li>\n<\/ul>\n\n\n\n<p><\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>4. Who pays Spain's annual taxes?<\/strong><\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Overview of IBI, non-resident tax and basura<\/li>\n\n\n\n<li>Why bare owner actually pays nothing in Spain<\/li>\n<\/ul>\n\n\n\n<p><\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>5. What happens on the death of the usufructuaries?<\/strong><\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>No inheritance tax... but a\u00a0<strong>Spanish transfer tax<\/strong>\u00a0on the updated value<\/li>\n\n\n\n<li>Sample calculation: how quickly that can add up<\/li>\n<\/ul>\n\n\n\n<p><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Why the classic split purchase is often not a good choice today<\/strong><\/h2>\n\n\n\n<p>Glenn explains why the structure has lost its luster:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Complexity in new construction<\/li>\n\n\n\n<li>The five-year risk in Belgium<\/li>\n\n\n\n<li>Spain's guaranteed death consolidation tax<\/li>\n<\/ul>\n\n\n\n<p><\/p>\n\n\n\n<p>For parents and children, this means there is a&nbsp;<strong>more efficient and fiscally secure solution<\/strong>.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>The modern alternative: buy first, donate later<\/strong><\/h2>\n\n\n\n<p>The strategy that almost completely displaces the old split purchase:<\/p>\n\n\n\n<ol class=\"wp-block-list\">\n<li>Parents buy 100% of the property<\/li>\n\n\n\n<li>They then donate bare ownership to the children through a Spanish notary<\/li>\n\n\n\n<li>Parents keep usufruct<\/li>\n<\/ol>\n\n\n\n<p><\/p>\n\n\n\n<p><strong>Advantages:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>No suspicious period in Belgium<\/li>\n\n\n\n<li>Spanish gift tax almost completely neutralised (99% reduction in many regions)<\/li>\n\n\n\n<li>No consolidation tax on death<\/li>\n\n\n\n<li>Maximum control for parents during their lifetime<\/li>\n<\/ul>\n\n\n\n<p><\/p>\n\n\n\n<p><strong>Point of attention:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Two notary fees and possible capital gains tax if you wait too long to donate<\/li>\n<\/ul>\n\n\n\n<p><\/p>\n\n\n\n<p><strong><a href=\"https:\/\/www.confianz.be\/en\/podcast\/gifting-your-house-in-spain-a-smart-move\/\" rel=\"noreferrer noopener\" target=\"_blank\">Also listen to our podcast episode on gifting in Spain.<\/a><\/strong><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>When does the split purchase remain interesting?<\/strong><\/h2>\n\n\n\n<p>For relationships beyond parents. children - such as uncles\/aunts towards cousins\/nieces - the split purchase may still be the best choice.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Conclusion<\/strong><\/h2>\n\n\n\n<p>The split purchase was the norm for many years. Today, it no longer is.<\/p>\n\n\n\n<p>Modern planning requires customisation, understanding of recent tax developments and correct assessment of risks.<\/p>\n\n\n\n<p><strong>Questions or suggestions?<\/strong><\/p>\n\n\n\n<p>Mail us at&nbsp;<strong>podcast@confianz.be<\/strong>&nbsp;- we will gladly address your question in a future episode.<\/p>","protected":false},"author":2,"featured_media":33349,"template":"","podcast-onderwerp":[941,940],"class_list":["post-33348","podcast","type-podcast","status-publish","has-post-thumbnail","hentry","podcast-onderwerp-successieplanning","podcast-onderwerp-vastgoed-kopen-in-spanje"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.confianz.be\/en\/wp-json\/wp\/v2\/podcast\/33348","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.confianz.be\/en\/wp-json\/wp\/v2\/podcast"}],"about":[{"href":"https:\/\/www.confianz.be\/en\/wp-json\/wp\/v2\/types\/podcast"}],"author":[{"embeddable":true,"href":"https:\/\/www.confianz.be\/en\/wp-json\/wp\/v2\/users\/2"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.confianz.be\/en\/wp-json\/wp\/v2\/media\/33349"}],"wp:attachment":[{"href":"https:\/\/www.confianz.be\/en\/wp-json\/wp\/v2\/media?parent=33348"}],"wp:term":[{"taxonomy":"podcast-onderwerp","embeddable":true,"href":"https:\/\/www.confianz.be\/en\/wp-json\/wp\/v2\/podcast-onderwerp?post=33348"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}