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News and information from Spain
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International Edition - March 2021 |
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Welcome to the March issue of 'The Word on the Street'. This is your monthly news and information from Spain provided by Ábaco Advisers. We hope to keep you in touch with the news, events and just a little bit of gossip.
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It’s time to think about inheritance
It’s a difficult subject but with so much time on our hands, many people have been asking us questions about the best way of dealing with inheritance issues and what they should do next. We’ve put together these articles to help answer your questions. Although every enquiry is different, there are some general guidelines that we can offer for those who are not familiar with the Spanish system.
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Understanding the inheritance process in Spain
Not every country follows the same procedures once someone dies. For example, in Spain there is no automatic transfer of property, even between spouses. Because of this and other differences that there are, it’s important that you take advice and alert your inheritors to what they can expect. In this article we outline what the Spanish inheritance process is and offer a personalised assessment to help you clarify the implications for you and your family:
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Inheritance tax in Spain
One of the main concerns that people have is just how much inheritance tax there will be to pay on a property they inherit and when this must be paid. In this article we explain the process from the point of view of the person inheriting property. We refer to five steps that you should take irrespective of what your long term intentions are for the property: Inheritance tax in Spain – advice for inheritors |
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Residen tax declarations
It’s that time of year again. The majority of residents in Spain must present an annual tax declaration before 30 th June. For most residents this is a Spanish tax law requirement. It can also be beneficial as it provides evidence of your income and you can use it to prove your fiscal residency. In this article we explain what the requirements are, who should make one and why: |
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Time’s ticking on the 720 deadline
Do you need to amend your 720 asset declaration form? Are you newly arrived in Spain and need to make one? Either way, time is running out as the deadline for this is March 31 st . If you are now likely to miss it you can still submit it late with a minimal amount of penalty. Much less than if you choose not to declare your assets at all and are found out by the authorities. This article explains about the Modelo 720 along with some other very important forms that you need to complete: In this article we outline who must compete the form and the reasons why you might need to update yours:
It’s time to file your Modelo 720 form in Spain |
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ÁbacoClub
It’s March and so it’s time for the next issue of our ÁbacoClub magazine. This will be the third magazine since we launched the club and we are looking forward to sharing this special mix of articles about how to enjoy Spain, with you very shortly. You can see the previous two issues here:
And find out more about the advantages of being an ÁbacoClub member here: |
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Finding out about Los Alcazares Situated in the Costa Calida, you’ll find the picturesque coastal town of Los Alcazares. There’s a popular, busy little centre with all the services you’d expect whilst it also boasts attractive beaches and safe bathing. In this article, David Ruiz explains more about it and why you might pick this part of Spain to live or holiday in:
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Stuart still talks
During the early months of lockdown we provided a weekly bulletin of what Stuart of Spain Speaks has to say about the crisis. We haven’t mentioned him recently but he is still producing regular updates of the situation in Spain for English speakers. This is Spain update day 379 in which he talks about the border restrictions and ‘partying’ in Madrid: |
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Sitges in English
The website Spain in English would like to introduce you to their new venture ‘Sitges in English’. As you might expect this is most relevant for anyone with interest in Sitges near Barcelona, Catalonia:
This now joins Valencia in English as part of the Spain in English collection focussing on more local news:
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Books about Spain
Spain in English has just launched a page on which it intends to review and report on books about Spain including fiction and non-fiction. The first book they cover is ‘The Crinkle Crankle Wall: Our First Year in Andalusia’ and you can read an extract from the book to decide whether it’s one for you. They also invite you to submit your own recommendations and/ or reviews:
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Women were in charge in Murcia?
Not at the moment perhaps, but a burial site found in Murcia suggests that women may have had the dominating role. The remains show that women seemed to have more than their share of the wealth and status, leading to speculation that they were in fact in charge. It might be guess work but it’s an interesting thought:
Bronze age burial site in Spain suggests women were among rulers |
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Fuelling your reading habit
If you enjoy a good book but don’t want to spend too much on your hobby then you might be interested in this article from Money Saver Spain. They provide 13 suggestions for how you can get hold of a good read without having to pay for it:
13 Ways to Find Free Books |
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An unusual success for photo journalism
A photo can become a priceless historical record. The picture of 10 Peironcely Street was taken towards the end of 1936 and shows children playing happily in front their house, badly damaged by bombs dropped on Madrid. Now, the families still living in the flats have been rehoused and this epic building will become a cultural centre rather than a squalid tenement block.
As the rehoused tenants point out, had it not been for the photographer Robert Capa, would they ever have been noticed at all?:
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More photos that tell a tale
Another photographer who has captured the spirit, despair, determination and poverty surrounding the civil war in Spain is Antoni Campañà. A new exhibition at the National Museum of Art of Catalonia is now displaying pictures from everyday life during the war years.
You can read this Guardian article about the photos here:
And see some of the photos displayed in the Guardian gallery:
Antoni Campañà: the reluctant Civil War photographer |
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Water words to improve your Spanish
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Multi-currency accounts and cards
If you are fed up of the commission you are charged when making an international purchase, then you might want to take a look at this article, again in Money Saver Spain. They explain what the advantages of a multi-currency card can be when you are making a purchase in a different currency. They also dispel some of the fears you might have of using one of these. Worth taking a look to see if you might benefit:
Multi-Currency Accounts And Cards |
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Andalucian fireball
Is it a bird? Is it a plane? No, apparently it is a fireball. Recorded above north Andalucía on March 28 th you can watch it here:
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What interests you?
We would welcome any suggestions for future themes you would like us to
cover either in the newsletter or in an article on Spain Explained. Please let us know by email at newsletter@abacoadvisers.com. Thank you! |
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