OWNERSHIP STRUCTURE FOR SPANISH PROPERTY

When you purchase a property in Spain you have to decide on the best ownership structure. For instance you can buy only in your name, or jointly with one or more family members such as your spouse and children. Or you may choose to purchase through an intermediate vehicle such as a company. Whatever you choose to do, it will have important consequences in terms of the taxes you pay in your lifetime, inheritance taxes, and the claims of your family or other people to the property. It is a very important decision and you will probably need specialist advice if you are to determine the optimal ownership structure for your circumstances.