Reviews from Happy Customers.
We’ve received very positive reviews from happy clients and customers over the years.
Just some of our reviews can be seen below. For more reviews please visit IWC Probate Trustpilot page.
Brilliant service from start to finish
I contacted IWC with help on obtaining an NIE number. Whole process was done and finalised within a week. Juan who I dealt with, was helpful, knowledgeable and replied promptly. Kept in contact to check how my appointment went and has confirmed he will be available if anything else is needed which was a nice touch.
If I need any other assistance I will definitely use IWC as they have been brilliant throughout. Very happy 😊
– Bonnie Lammas
Friendly, helpful and professional
We can’t thank ICW enough for their help and advice in the matter of our wills.
Lorna and Juan have guided us through the process, showing care whilst providing a professional service throughout.
We highly recommend anyone to use ICW Probate and Will Services.
– Susan Nixon
Great service
Great service. Juan was polite throughout and knowledgable when it came to explaining wills in UK law.
A quick and efficient service and kept in contact with throughout the whole process.
A credit to the team.
– Bonnie Lammas
Brilliant service
Brilliant service, exceptional attention to detail and always willing to guide and help.
With something requiring such understanding, the team at IWC Probate & Will make it seamless and hassle free. Juan is a true scholar and gentleman.
– Simon Henderson
Very professional
I could not be more pleased with the service provided by Juan Oliva of Spanish Probate Matters. He has great communication skills and dealt with all my requests in a very efficient, speedy and professional way. The document he helped me to obtain is of huge help and I couldn’t have done it without his help. Many thanks!
– Pri
Fabulous service
After running afoul of the new Brexit regulations, we were put in touch with Juan at IWC to obtain our Non Lucrative Visa.
The process was made seamless and stress free. Communication was excellent and would not hesitate recommending Juan and IWC to anyone. Thank you again!
– James
Superb service from start to finish
Superb service from start to finish, super organised and efficient. Highly recommended.
– Greg Downey
Excellent service
Juan Oliva gave an Excellent service, speedy and professional I would highly recommend him and the company. Thank you so much Juan.
– Alison
Found IWC online and contacted them..
Found IWC online and contacted them in relation to a complicated will held in Spain.
The guys I spoke with were both extremely helpful , knowledgeable, timely and what really amazed me in todays world was they afforded me research and information without charging me anything..
Would recommend to anyone and would have no hesitation in contacting IWC for any future requirements.
– David Leggett
Apply from your country of residence
Spanish wealth tax is a direct tax levied on the wealthy with the intention of reducing wealth inequality. The theory holds that your tax burden will increase in direct proportion to the value of your assets. The wealth tax in Spain is between 0.2% and 2.5%. This tax is distinct from Spain’s income and capital gains taxes. If the value of your total assets exceeds €1,000,000, you may be subject to wealth tax. For Spanish citizens, the tax is due on all of their worldwide holdings. The tax is only due for non-residents on Spanish assets. Read on to find out more.
This guide will help you to understand and guide you through the Spanish Succession Tax rules.
Who Pays, Exemptions, and International Context
Who Should Pay The Spanish Wealth Tax?
If your total estate and assets exceed a specific amount, you must file a wealth tax declaration in Spain. Shares, insurance, bank accounts, and real estate are all under the wealth tax umbrella. The maximum value is €700,000. However, the autonomous regions may increase or decrease these limits:
- Costa Blanca and the Valencian Region: €500,000
- Costa del Sol was included in Andalusia, which has been eliminated, but there is still a solidarity tax.
- Balearic Islands: General legislation is in effect, and after €700,000, tax is due.
- You must also file a declaration if the tax obligation is negative, but you have assets worth more than €2,000,000 instead.
Should I Still declare if I don’t Pay Taxes in Spain?
Yes, but just for the Spanish-based assets, because they are located, can be exercised, or must be fulfilled on Spanish soil. Non-resident taxpayers will be able to use their own regulations that have been approved by the Autonomous Community where the assets and rights they own and for which the tax is required have the greatest value.
Can Debt or Expense be Deducted?
Mortgage debt is an example of a debt that could be deducted. The habitual residence’s value may be deducted up to a maximum of €300,000. Also, a company’s shares are exempt if:
- Over 5% of the company is owned by the owner (20% family group).
- The business is operational.
- You must be employed by the organisation and have managerial responsibilities.
Which Nations Impose Wealth Tax?
Along with Spain, Switzerland, Norway, and Liechtenstein also require the declaration of this tax. Only 1.5 million Krone, or 150,000 euros, in Norway, are subject to this tax, and the applicable proportion is 0.85%.
On the other side, certain nations, including Sweden, Luxembourg, Denmark, Germany, and Austria, as well as more recently France, have done away with the wealth tax.
Contact Spanish Legal Matters on +44 (0) 20 3985 9556.