The amendment of the legislation completely eliminates inheritance and gift tax for inheritances between parents and children, grandparents and grandchildren and spouses.
A 2021 ruling determines that unless a pension is a Spanish or EU contract, transfers from ‘third country’ pension schemes to EEA pension schemes are subject to personal income tax on the whole fund value, up to 49.5% in the Balearics.
We are 100 percent sufficient for food and drink.
What about our Spanish friends - do they always expect to wait 8 minutes 23 seconds to buy a stamp at their local post-office, or was it just me?
If you’re an avid coffee drinker, Spain is the 11th cheapest place to purchase a coffee, costing only 1.90 euro
Your UK adviser is unlikely to know the ins and out of local regulations in the Balearics (which vary from elsewhere in Spain) or keep on top of reforms.
It has been two years now since inflation began to climb and we were soon noticing the higher cost of living. Prices peaked last autumn and the situation is improving now.
The UK has endured persistently high inflation.
The standard inheritance tax nil rate band has been frozen at £325,000 since 2009.
It really is party time in the Soller Valley.
Sardinero beach in Santander, in the north of Spain.
You can only spend up to 90 days in any rolling 180-day period without a visa.
- Update: The 90-day rule for Britons in Spain your views keep flooding in " When we’re in Mallorca we also support the local economy"
- Get the Mallorca Beach App!
- One million Brits would benefit from 90-day rule being scrapped in Spain
- Mallorca hoteliers calling for eight-year sentences for British tourists' false claims
- Mallorca Bulletin Reader Offers