The gift of real estate from parents to children, or between spouses, is an effective and economical method to facilitate family real estate planning. It is a very useful instrument to organize family succession and save taxes. With the recent regulatory changes in Andalusia, taxes on donations of real estate between parents, children and spouses will be reduced in their entirety as long as the assets donated and located within the community of Andalusia do not exceed one million euros. To correctly carry out the donation, it will be necessary to review the tax valuation of the real estate as well as the family circumstances of each family. The real estate lawyer can intervene on behalf of both parties through powers of attorney, thus preventing the client and her family from having to go to the notary to sign the deed of donation. Likewise, the lawyer will be in charge of presenting the tax forms and carrying out the registration in the Property Registry and cadastre.
If you would like additional information about the donation of real estate in Andalusia, Spain from parents to children, or between spouses, you can contact our law firm directly through our website www.delgado-vila.com or visit us at any of our law offices in Malaga and Torrox-costa.