Tax benefits from the purchase
Now is the time to arrange your affairs to save money.
Because of the transfer of property costs in Spain, it may be advisable to buy your property in the name of your children. The parents will be lifelong tenants.
‘To govern is to look forward’ a French politician once said.
This set-up means that the children will not have to pay inheritance tax (death duties) in Spain.
Want to know more about this topic or other purchasing options? Then you should talk with a specialist in this field. Please call or email.