News
This section of our website is designed to keep you updated with the latest news regarding Advanta Group, the latest legislative and fiscal updates in Spain and especially about all the happenings in Urbanization La Marina and the Costa Blanca. Don’t miss it!
THE IMPORTANCE OF GRANTING A WILL IN SPAIN
We would like to give you a brief explanation regarding the importance of making a will in Spain. Since the European Regulation 650/2012 came into affect as of the 17th of August 2.015 residents of any nationality living in Spain will be subject to the Spanish legislation on inheritance unless...
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MOORS AND CHRISTIANS FESTIVAL IN ORIHUELA
For more than 40 years the town of Orihuela has been celebrating the Moors and Christians festival that commemorates the recon quest of its city from the Saracen domain in the year 1242/1243. For the next week the streets of Orihuela will boast thousands of colors caused by the beautiful Moors...
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FLOOR CLAUSE
According to the European Union´s Court of Justice Sentence, dated December 21, 2011, banks must now pay back the interests and expenses that were overpaid due to the floor clause of when a mortgage was formalized. The floor clause is a contractual clause that establishes a minimum limit to the...
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PLUSVALIA RECLAMATION
IF YOU HAVE SOLD YOUR PROPERTY AT A LOSS, YOU ARE ELIGIBLE TO RECLAIM THE CAPITAL GAINS TAX. On the 11 th of May 2017, Spain's Constitutional Court ruled as void the payment of the “plus valía” tax when a vendor sells their property at a loss. The tribunal considers the tax should...
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