{"id":24601,"date":"2020-01-09T10:00:00","date_gmt":"2020-01-09T09:00:00","guid":{"rendered":"https:\/\/www.confianz.be\/?p=24601"},"modified":"2020-01-09T10:00:00","modified_gmt":"2020-01-09T09:00:00","slug":"jan2020-spanish-property-in-my-succession-planning","status":"publish","type":"post","link":"https:\/\/www.confianz.be\/en\/jan2020-spaans-vastgoed-in-mijn-successieplanning\/","title":{"rendered":"How does Spanish property frame my succession planning?"},"content":{"rendered":"<p><em><strong><a rel=\"noreferrer noopener\" href=\"https:\/\/mailchi.mp\/578b973deaa0\/hoe-kadert-spaans-vastgoed-in-mijn-successieplanning\" target=\"_blank\">Newsletter January 2020<\/a><\/strong><\/em>|The purchase of property in Spain, if planned, leads to <strong>less inheritance tax<\/strong> for your partner and heirs.<\/p>\n\n\n\n<p>Inheritance tax varies by Spanish autonomous region (there are 17 of them!). And you also pay Flemish inheritance tax on your property in Spain. Therefore, inheriting in Spain can be very expensive. <\/p>\n\n\n\n<p>It is therefore recommended that you<strong> think about the possibilities before buying<\/strong>.<br><br>Consider, for example:<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>a usufruct construction;<\/li><li>Buy in the children's name;<\/li><li>buy with your Belgian company;<\/li><li>...<\/li><\/ul>\n\n\n\n<p><\/p>\n\n\n\n<p>Or you can also <strong>buy in your own name<\/strong> with a Spanish will. Another option is to donate later. The choice depends on your personal wishes and local rules. For example, gifting in the Balearic Islands is much more expensive than in Andalusia.<br><br>Here you can find more information about inheritance in advance:<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li><a rel=\"noreferrer noopener\" href=\"https:\/\/www.confianz.be\/en\/inherit-and-gift-real-estate-in-ibiza\/\" target=\"_blank\">Ibiza (Balearic Islands)<\/a>;<\/li><li><a rel=\"noreferrer noopener\" href=\"https:\/\/www.confianz.be\/en\/2019\/08\/14\/inheritance-in-catalonia\/\" target=\"_blank\">Catalonia<\/a>;<\/li><li><a rel=\"noreferrer noopener\" href=\"https:\/\/www.confianz.be\/en\/2019\/02\/28\/inheritance-tax-in-andalucia-jan2019\/\" target=\"_blank\">Andalusia<\/a>.<\/li><\/ul>\n\n\n\n<p><\/p>\n\n\n\n<p>Would you like more information about buying in Spain? Then feel free to make an <strong><a href=\"http:\/\/www.confianz.be\/en\/contact\/\">appointment<\/a><\/strong>. <\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><strong>News: tax increase in Canary Islands <\/strong><\/h4>\n\n\n\n<p>In 2019, the&nbsp;<em>Canarias<\/em>&nbsp;a new government led by \u00c1ngel V\u00edctor Torres of PSOE. His government plans a 12% increase in social spending in 2020. To finance the budget, some taxes such as the IGIC (similar to VAT) and personal income tax will be increased.&nbsp;&nbsp;<\/p>\n\n\n\n<p>The&nbsp;<strong>Inheritance tax and gift tax increase<\/strong>. Yet the<em> Canarias <\/em>still low taxes.<\/p>\n\n\n\n<p class=\"has-text-align-center\"><a href=\"https:\/\/www.confianz.be\/en\/taxes-in-canary-islands-up\/\"><strong>Read more about the tax increase.<\/strong><\/a><\/p>\n\n\n\n<div class=\"wp-block-media-text alignwide\"><figure class=\"wp-block-media-text__media\"><img fetchpriority=\"high\" decoding=\"async\" width=\"750\" height=\"400\" src=\"https::\/\/www.confianz.be\/app\/uploads\/2019\/12\/testamento-750x400-1.jpg\" alt=\"\" class=\"wp-image-24628\" srcset=\"https:\/\/www.confianz.be\/app\/uploads\/2019\/12\/testamento-750x400-1.jpg 750w, https:\/\/www.confianz.be\/app\/uploads\/2019\/12\/testamento-750x400-1-300x160.jpg 300w\" sizes=\"(max-width: 750px) 100vw, 750px\" \/><\/figure><div class=\"wp-block-media-text__content\">\n<h4 class=\"wp-block-heading\"><strong>Do you need a Spanish will?<\/strong><\/h4>\n<\/div><\/div>\n\n\n\n<p><\/p>\n\n\n\n<p>A Spanish will is not compulsory. But it does ensure a quick and easy settlement of your estate. This will save your partner and heirs a lot of costs and administrative hassle.  <\/p>\n\n\n\n<p>Confianz will help you draw up a will in Spain. Please feel free to<strong><a href=\"https:\/\/www.confianz.be\/en\/contact\/\"> contact<\/a> <\/strong>on. <\/p>\n\n\n\n<p class=\"has-text-align-center\"><strong><a href=\"https:\/\/www.confianz.be\/en\/is-a-spanish-will-necessary\/\">Read more about the benefits of a Spanish will.<\/a><\/strong><\/p>\n\n\n\n<p><\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Do you wish to stay up to date with news related to Spain and Portugal?<\/strong> Then subscribe to our monthly newsletter at the bottom of the page.<\/p><\/blockquote>\n\n\n\n<p><\/p>","protected":false},"excerpt":{"rendered":"<p>Nieuwsbrief januari 2020|De aankoop van vastgoed in Spanje leidt, mits planning, tot minder erfbelasting voor uw partner en erfgenamen. De successierechten verschillen per Spaanse autonome regio (er zijn er 17!). En ook betaalt u Vlaamse erfbelasting op uw onroerend goed in Spanje. Daarom kan erven in Spanje heel duur zijn. Het is dus&nbsp;aan te raden [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":24608,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[132],"tags":[424,192],"class_list":["post-24601","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-erfrecht","tag-estate-planning","tag-successieplanning"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.confianz.be\/en\/wp-json\/wp\/v2\/posts\/24601","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.confianz.be\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.confianz.be\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.confianz.be\/en\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.confianz.be\/en\/wp-json\/wp\/v2\/comments?post=24601"}],"version-history":[{"count":0,"href":"https:\/\/www.confianz.be\/en\/wp-json\/wp\/v2\/posts\/24601\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.confianz.be\/en\/wp-json\/wp\/v2\/media\/24608"}],"wp:attachment":[{"href":"https:\/\/www.confianz.be\/en\/wp-json\/wp\/v2\/media?parent=24601"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.confianz.be\/en\/wp-json\/wp\/v2\/categories?post=24601"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.confianz.be\/en\/wp-json\/wp\/v2\/tags?post=24601"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}