Have you ever thought about donating your property in Spain to your children? We can explain you why now is the best moment for doing it.

Before 2015 all the non-resident people who wanted to donate their properties in Spain to their family had to pay the “ Impuesto de sucesiones y donaciones” Tax and wouldn´t get any help from the Spanish Government to avoid this tax. Meanwhile, resident people in Spain who wanted to donate their houses got huge fiscal benefits and therefore the situation between resident and non-resident people was unfair.
For that reason the European Court in their sentence 3/9/2014 forces Spain to remove that difference in front of the Law between resident and non-resident people in Spain. Being both groups equally European, the Law was totally unfair and from that moment the Donation Tax would be exactly the same for all the European citizens regardless of their residency situation in Spain. This sentence of course also applies to the Norwegian citizens who are owners in Spain.
In the Valencian Community, which includes Alicante, Valencia and Castellón provinces, during 2018 all the owners who want to make a donation to their sons get 100,000 euros free of taxes for every single son. It means that most of the donations in Spain now are free of taxes and the only costs to pay would be the Notary and Land Registry costs.
This is why from Noramar we recommend to our clients who are interested in giving their properties to their sons as a present to come to our office and we will explain everything about the fiscal benefits Tax for the donation.
Our legal advisers will let you know exactly how much the donation process would cost and will inform you about every single detail.

We are in Avenida Escandinavia 72, Noramar, local3, back, in Gran Alacant, Santa Pola, Alicante.

Don´t forget we speak your language!

Email: info@noramar.es