Information on opening an Spanish bank account - what documents to provide - the credit and debit cards, payment methods cheques and more. Information on the taxes due in the event of a gain on the sale of a property in Spain, Majorca, Minorca, Ibiza and Formentera: the rates that will apply, as well as information on circumstance for reliefs or allowances. This information is relevant for Consular offices provide services for their expatriate citizens living in Spain and the Balearics. Services include replacement of lost or stolen passports and help and advice in difficult situations.
Real-time currency conversion between the world's currencies - here at AngloINFO. This is the place to discuss and share useful information on local law, money, banking, mortgages, tax and finance issues. Information on how best to make your money work for you when buying overseas property in a foreign currency: how market fluctuations can affect the price you pay, and how to protect your finances during the currency transfer.
A guide to how the money markets works with information on various currency transfer options available if you need to exchange US Dollars, Pound Sterling, or any other currency to Euros - whether in a single transfer or on a regular basis. Jargon guide to the various terms used in currency conversion market; the meaning of terms such as: Stop loss order, Rollover, Floating exchange rate. If you don't understand your bank or broker, perhaps the answer is here. Understanding the terminology in the bank, on your chequebook or bank statement and when using the ATM: a useful glossary of Spanish banking words and phrases. Information on inheritance tax (ISD) in Spain: what it is, when it's payable, which heirs must pay, whether nationality is taken into account, how to calculate what's due and how to defer payment.
Information on the types of life insurance available in Spain and how the policies protect the insured, either for a fixed period of protection of for the whole of their life. Also information for beneficiaries on making a claim. All foreigners living and ecconomically active in Spain require an NIE Foreigner's tax identification number. Here you will find out why this number is necessary: to open a bank account, buy a house and more, where to go and how to make the application. Information which answers the questions: Who is considered liable - residents, non-residents - for income tax in Spain and the Balearics? When and where should income tax be paid? What are the penalties for non-payment? What Spanish tax allowances and cr An introduction to pension entitlement for foreigners living in Spain. Information on who has the right to claim a Spanish pension, how the rules differ for foreigners from various EU and compliant countries, claiming and how pensions are calculated. Information on Spanish taxes: general taxation on income, how it's calculated, wealth tax, inheritance and gift tax, along with their rates and any exemptions or reductions that may apply. Information on changes to the Spanish tax system in 2007: the new Income Tax Act and the Tax Fraud Prevention Act of 2007 and the impact they have on non-resident foreigners looking to buy property in the Balearics.
An overview of the pensions and taxation in Spain, and the role of the supplementary pension for both retirees to Spain and those who have retired from 15 years or more employment in Spain or the Balearics. Information on the new tax regime for inbound employees posted to Spain: who is eligible and what the features and benefits of this regime are to the employee. Key information to understand the various types of Spanish will available, and how to go about making one. Also an overview of the inheritance implications for a foreigner and their family resident in Spain or the Balearics. Information about wills for UK citizens in Spain: whether a British will is valid or if a Spanish will is necessary; how the estate and will is handled by the notary, gestor or lawyer after death; and when the Escritura of Partition can be drawn up.
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Balearics Financial & Legal 
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