New Inheritance Tax in Andalusia. Good news to start the New Year 2018! The Junta de Andalucía has now approved a law to lower the inheritance tax in Andalusia. This means from the 1st of January, 2018, parents and spouses, children and grandchildren will not pay tax on the first 1.000.000€ inherited. This is very good news for property owners and purchasers in Andalusia as well! The first one million euros inherited by next of kin, that is to say, spouses, children, grandchildren and parents; is free of tax.
Villas & Fincas News
We try to be on top of the relevant changes in the Spanish property market, and the changes in legislation to inform our clients. You can also sign up for our Newsletter to not miss information on pricing, taxes and legal obligations that might be important to you.
Almost Christmas 2017! We are happy to have the chance to wish you a Wonderful Christmas Holiday! Some of you will have a cheerful and traditional white Christmas, others will be in warmer and sunnier areas like Andalusia. Wherever you are, Villas & Fincas’ team wishes you a warm and peaceful Christmas and a Prosperous 2018. We hope you can relax, to start again fully energized in the exiting and still unknown New Year.
Many of our clients are asking how the Real Estate Market in Andalusia, Spain, developed in 2016 and what we expect from 2017? I will explain what Villas & Fincas achieved in 2016 and what we think the market will do next year.
Many clients owning a country house in Andalusia cover the running costs of the house by renting it out during the holiday season. Others came here to semi-retire and decided to set up a small B&B to share their experience of living on the countryside with clients and at the same time provide an income.
The Andalusian government recently published new legislation with regards to letting your private villa for holidays in Andalusia. In May they will have a registry ready and house owners offering their homes for holiday rentals are obliged to sign their villa up. Villa’s on the countryside will have to register in the rural tourism registry.
Merry Christmas! It’s nearly the end of the year and we are reaching the most loved family holiday. We would like to wish you all a warm and Merry Christmas. Looking back on 2015, it has been a turbulent year for many. However, this hasn’t hold back many clients to purchase their dream property in Andalusia and to change their lifestyle.