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Tax benefits if you are fiscal resident in Spain

Tax benefits if you are fiscal resident in Spain

Ensure yourself an annuity after your retirement Within the savings and investment products, there is the so-called life annuity insurance. These insurances also have interesting tax advantages. This type of insurance guarantees that the holder receives a regular income until his or her death. Only when this insurance is taken out must you pay a […]

Spanish Property Market on Stand-by

Spanish Property Market on Stand-by

The housing market in Spain is in a ‘wait and see’ moment. The first data regarding the evolution of prices indicate that there have been no significant variations either upward or downward, while the records begin to reflect the collapse of property sales due to the state of alarm and the restrictions derived from the […]

New Wealth Tax Proposal in Spain – Is it for real?

New Wealth Tax Proposal in Spain – Is it for real?

Is there a real chance for the radical new wealth tax proposed by Podemos party? In the last couple of days fears have increased upon the new wealth tax proposed by the coalition government’s far-left Podemos party. The creation of a wealth tax is one of the main objectives of Podemos regarding a tax reform, […]

The European Court’s response on IRPH mortgages has been announced, which will now lead to a flood of complaints.

The European Court’s response on IRPH mortgages has been announced, which will now lead to a flood of complaints.

Many mortgages in Spain are affected by IRPH (Mortgage Loan Reference Index). This index, unlike EURIBOR, has remained constant and kept rising, making loans more expensive without the possibility of benefiting from EURIBOR’s significant decreases. The IRPH, even today, is two percentage points above, while EURIBOR’s figures remain negative. The Judgement by the European Court of […]

The Effectiveness of Contracts in Situations of Force Majeure and the Application of the “rebus sic stantibus” Clause – an article by Pellicer&Heredia Abogados

The Effectiveness of Contracts in Situations of Force Majeure and the Application of the “rebus sic stantibus” Clause – an article by Pellicer&Heredia Abogados

What is its impact on home buying? Our doctrine defines force majeure as an extraordinary, unpredictable, and unavoidable event. According to this definition, there is no doubt that the situation created by the declaration of the State of Alarm based on the protection of Public Health against COVID 19, is a case of force majeure. As is […]

Deconfinement Process in Spain (Part 2)

Deconfinement Process in Spain (Part 2)

From the 11th May on, half of Spain has entered Phase 1 of the de-escalation process, while the other half of the country remains in Phase 0 at least one week more. You can get more information on the different phases from our previous article. Currently it looks like this: This decision of the government […]

The housing market in Alicante province, home to the Costa Blanca

The housing market in Alicante province, home to the Costa Blanca

A market snapshot of Alicante province, home to the Costa Blanca North & South, and the most popular province with foreign investors. Alicante province in the Valencian Community – one of Spain’s autonomous regions – is the most popular Spanish province with foreign investors – both expats and second-home buyers alike – as you can […]