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DISPOSITION OF ASSETS INHERITED IN SPAIN. SPANISH INHERITANCE PROCEDURE

The disposition of assets located in Spain by non residents heirs is not an automatic procedure. Please note that it is necessary to carry out some steps in order to have the Spanish properties and assets registered in the name of the heirs.

In these brief lines we inform you on the procedure of acceptance of Spanish inheritance to be followed: 

Designation of a spanish fiscal representative

According to a recent amendment of Spanish General Tax Law (Ley General Tributaria 58/2003) of 17th December 2003, Spanish Inland Revenue is presently requesting to non-residents inSpain, when operating through a permanent establishment or taking into account the characteristics of the assets they own in Spanish territory, to appoint and designate a Spanish Fiscal – Tax Representative. The fiscal representation should be carried out by a Spanish resident, and as per common practice by a Lawyer or Registered Accountant in Spain. As per the opinion of the Spanish Accountants, lawyers and other professionals of  Arcos & Lamers Asociados, the main reason behind, in making compulsory to appoint a fiscal representative in Spain, would be to guarantee that your Spanish tax obligations are fulfilled.

INTERVIEW with María Teresa Arcos, Lawyer in Marbella.

1.- How and why did you think of setting up the law firm Arcos & Lamers Asociados?

Our law firm, Arcos & Lamers Asociados, grew from the dream and goal to create a company in which we could develop our personality as well as our main objectives which have always been part of our profession: efficiency and honesty.

We were aware that it was a very big step in our professional lives but our experience, knowledge, efforts and our capacity to adapt to new situations would lead us to success. 

SUMMARY OF AMENDMENTS ON SPANISH LABOUR LAW, PRODUCED BY SPANISH LAW FIRM ARCOS & LAMERS ASOCIADOS

On Sunday 12th February 2012, the new Spanish labour reform went into force, which does not only introduces deep changes in the previous existing one but as well changes in the labour relationships between the Spanish employers, employees and Spanish Unions.

Spanish dismissal becomes less expensive for all types of Spanish labour contracts, and  some aid has been provided to dismiss employees with a high rates of absentee days. Contact the Spanish labour lawyers of Arcos & Lamers Asociados for initial additional information free of charge.

Spanish lawyers informing on Spanish Capital Gain Tax reduction!

Arcos & Lamers Asociados, Your Spanish Law firm has the pleasure to inform you that the Spanish Government has approved on Friday 11th May 2012 several  measures to stimulate the Spanish property market, including a tax a exemption of 50 per cent on Spanish Capital Gain Tax that could appear out of the potential sale of properties to be acquired in Spain during the rest of the year 2012.

“It is going to be implemented an exemption of 50 per cent of revenues arising from the sale of real estate that are acquired from 11th May to 31st December, provided that there is no link between the parties,” said the Minister of Development, Ana Pastor, in a press conference after the Council of Ministers.

THE SPANISH GOVERNMENT IS PROPOSING LIMITATIONS ON CASH PAYMENTS

The Spanish Government is proposing limitations on cash payments. According to a proposed draft bill it is expected that part of the Spanish Tax Law (anteproyecto de ley de modificación de la normativita tributaria y presupuestaia y de aduaciación de la normativa financiera para la intensificación de las actuaciones en la prevención y lucha contra el fraude) will be once more amended in the nearest future mentioning that transactions above 2.500,00 Euros can not be paid in cash when one of the parties involved is acting as a company or professional.

AMENDMENTS SPANISH COMPANY TAX

Amendments Spanish Company Tax. Temporarily amendments corresponding to financial year 2012 and 2013.  Other permanent amendments. 

Arcos & Lamers Asociados, your Spanish law firm based in Marbella are pleased to mention various changes that have appeared at the Spanish tax legislation, obviously caused by political decisions taking into account the crisis situation of the Spanish economy. Therefore the Marbella Lawyers of Arcos & Lamer Asociados are willing to set out below some of the many changes of the Spanish Law that have already been take place. 

Spanish Registry for Marks

Is your Business duly protected against your competitors?

May be you are not aware of it, but you are not the owner of the trade mark of your business, until the same has been duly registered at the Spanish Registry for Marks (Registro de Marcas).

In Spain, the trade marks, application and registration of the marks, is regulated by the Law 17/2001 granted on the 7th December 2001, called Ley de Marcas.

The application and the granting of the trade mark is registered in a special Spanish registry called Registro de Marcas (Registry for Marks), which covers the total Spanish Territory.

Please do not hesitate to contact Arcos & Lamers Asociados, your Spanish Lawyers in Marbella who will help you out efficiently with the registration of your Spanish and or European trade mark. 

EMIGRATION OF AN INDIVIUDAL TO SPAIN II

GUIDE LINES CORRESPONDING TO THE EMIGRATION OF AN INDIVIUDAL TO SPAIN. Spanish rental contracts and  the purchase of a property in Spain.

Your business is in good hands at Arcos & Lamers Asociados, lawyers in Spain and accountants in Marbella. Your Spanish lawyer that provides professional services in your own language! All members of staff speak several languages such as Spanish, English, Dutch, German and French. The firm will initially offer a free quotation of costs and fees on any matter, and will later inform the client of the expenses and costs incurred on an on-going basis. The wide range of services provided by this Spanish law firm will allow a reduction in costs, which means that the fees charged to clients are very competitive.

Photo: Julio García http://www.fotografiajuliusg.es

EMIGRATION OF AN INDIVIDUAL TO SPAIN

GUIDE LINES CORRESPONDING TO THE EMIGRATION OF AN INDIVIDUAL TO SPAIN. Preliminary steps, certifications and registration.

Do not hesitate to ask for assistance. In the long run, it will save you time and costs. In addition you may avoid a lot of unnecessary headaches.

Your business is in good hands at Arcos & Lamers Asociados, Spanish property lawyers. Your solicitors in Spain!

Photo: Felix Ruiz