Anál nathrach, orth' bháis's bethad, do chél dénmha

At a time when all European countries have wisely reduced taxes in a bid to mitigate the post-pandemic burden and stave off soaring inflation, Spain is one of the few countries in the world to have dramatically increased its taxes, even creating new ones!

In today's blog post, I will try to analyze and explain why Spain is adopting such a counterintuitive approach to taxation in the aftermath of the Covid-19 global pandemic and at the doors of a new worldwide recession.

In effect, Spain has raised over the last 12 months 37 taxes, additionally creating 4 new taxes in 2022, such as the new solidarity tax for the rich. This fiscal voracity has translated into an extra €24 billion in tax revenue (an 8% increase) by rapport to the previous tax year. Not to mention how the government has actively suppressed a batch of longstanding tax allowanxes and tax breaks making it even more onerous for taxpayers.

This new study reflects how Spain’s IRPF (personal income tax), Patrimonio (Wealth Tax) and Impuesto de Sucesiones y Donaciones (Gift and Inheritance taxes) are the highest out of any European country.

Whilst most European countries have abolished Wealth tax (except in Switzerland and Norway) Spain has even created a new second national Wealth tax (Impuesto de Solidaridad a las Grandes Fortunas, or ISGF for short) which duplicates, and overlaps, the devolved competency regions already had attributed with their own wealth tax. So in effect, Spain has now two wealth taxes in place, at a regional and national level! Although the new wealth tax approved at a national level in 2022 is clearly unconstitutional, the newly appointed president at the Constitutional Court (chosen at the behest of Spain’s President) is now fighting tooth and nail to repeal all opposition so it remains in force.

Regarding Inheritance and Gift Tax, Spain has the highest tax rates in place in all of Europe, with the exception of a few regions which have suppressed it (i.e. Andalucia, Balearics, Galicia, Madrid, and Valencia).   

Despite what our government claims, in that it strives to help and support the middle class, the results of the nefarious tax policy it pursues has resulted in the destruction of Spain’s middle class at an alarming pace.

Not content wit this, the government announced this week it will raise yet again taxes across the board in 2024.

This massive rise in taxes is being done in the context of the EU gifting Spain €80bn to combat the adverse effects of Covid-19 (no one knows what this money is being spent on and no one is held accountable for it) and the fact the government has not indexated taxes with an unbridled inflation of 25%, has resulted in an extra windfall for the government of €140bn (as no indexation inflation tax relief was given to ailing taxpayers, unlike in other EU countries).

In other words, the government received a windfall of an extra €220bn, and in spite of it all, it has still raised taxes dramatically (even creating 4 new ones).

Something is very, very wrong with Spain's finances.

But it doesn’t end there, on top of this, Spain has also dramatically increased the public debt by an extra €400bn over the last three years (an extra 30%), raising the total public debt of Spain to a staggering of €2 trillion, a ticking time bomb.

Why is all this being done? Where are these vast amounts of money being spent on?

Spain is spending €380bn every year on pensions and civil servant’s wages. There are over 4 million civil servants in Spain. Public wages in Spain are, on average, 32% higher than those in the private sector. Over 64% of civil servants make more than 21% of employees working in the private sector (this is crazy). Pensions and civil servants’ wages in 2005 accounted for less than 7% of GDP, now they are close to 15% GDP. Clearly, this is untenable on the long run.

In other words, if you want to live a good, relaxed life in Spain, and get paid (very) well, with huge holiday breaks all you need to do is work as a civil servant. Which goes on to explain why over 70% of young people in Spain, on finishing their university degree, want to study to become a civil servant. 74% of Spanish people believe civil servants lead a (much) better life than those in the private secort, who are underpaid and overworked by comparison.

It's only obvious, that if you offer a young person more money, less worked hours, higher holidays, and private healthcare (yes private, MUFACE, God forbid civil servants use public healthcare like the rest of us punters) why on earth would they pick working for the private sector? And this explains nicely why young Spanish people would rather be civil servants than working for the private sector.

The only tiny little insignificant crack in this master plan is who pays for all these public wages?

Now you understand what's behind the huge tax rises and the creation of new tax figures, it's all used to finance a growing house of cards. Not to mention, that civil servants are grateful voters to those that pay them. Unsurprisingly, 1 out 4 new jobs in Spain are created by the public sector, as civil servants, in a country with the highest unemployment rate of all Europe, out of all the OECD countries. I know, shocking, who could have possibly thought it?

If I were a cynic, I would be inclined to believe the government is misallocating the billions in EU funds to finance and create new jobs in the public sector, but surely that cannot be right, as those funds were earmarked by our EU Overlords to be used by ailing companies (SMEs) and millions of struggling families to help them cope with the adverse effects of Covid-19. Surely, I must be mistaken, silly me.

In Spanish we have coined a beautiful expression that sums up this reckless behaviour: “huida hacia adelante” which translates loosely as 'ploughing ahead with blinkers on'.

Despite all the nice words from our communist government, in that it will not raise taxes for the poor and middle classes, it is in fact doing quite the opposite, which is annihilating Spain’s middle class.

I apologize for self-quoting myself from another article: “... the strength of a democracy is correlated by the strength of its middle class. For it is the middle class of any country that undergirds the power of a healthy and balanced democracy, acting as its backbone. A dwindling middle class only spells political instability.”

This rash attitude of our autocratic communist government to raise more and more taxes, all the while creating new ones (!), and with unrestrained wanton piling more and more public debt on top - in a context of ultra-high interest rates - leads Spain to an unmitigated financial disaster.

If to a precarious financial situation, like the one described above, you also add on top a volatile political outlook, it leads Spain closer to Argentina, day by day.

Today, the 12^th of October, is Spain’s national day. It commemorates the discovery of America by Christopher Columbus at the behest of the Catholic Kings.  

In today’s blog, I want to focus on the duty of care that is expected from all civil servants, and any others, who work for the state.

Spain is facing unprecedented political turmoil unseen since the advent of its young Democracy in 1978. The person responsible for this, in his relentless pursuit of power, is the incumbent president who has systematically undermined all democratic institutions which purpose is to keep checks and balances on the Executive. More and more, day by day, Spain is turning into an autocracy led by one man. This can only lead Spain down a dark road if left unchecked.

It is the sworn duty of all civil servants, and those in places of power, to ensure that democratic values and the rule of law is upheld, for the good of the nation and its people. This is what ensures peace and prosperity in Spain. It falls on them, as a sworn duty, to safeguard Spain's Democracy and its Constitution, from enemies abroad but also from enemies within.

More and more we are witnessing and reading in the daily press how the acting president is foisting on a silent majority an autocratic government in a bid to remain in power. In effect, despite overwhelmingly losing the general elections of last 23^rd of July, he has not stepped aside and remains in power, latching onto it, as acting president. He aims to remain in power by casting a spiderweb of political alliances with communist, pseudo-terrorist groups, and separatists (some of them directly sponsored by rogue states like Russia, always eager to sow dissension amongst EU Member States, to undermine the EU and advance its autocratic agenda) all of which are sworn enemies of Spain. He aims to remain in office another 4 years against the democratic majority which decisevely voted to oust him from power on the 23^rd of July 2023.

The acting president has single-handedly been responsible for the erosion of democratic values, placing in all offices of power his own cronies, sycophants, and minions.

In effect, the acting president has under his own personal control Congress, Spain’s Intelligence Agency (CNI), the Constitutional Court, the State Prosecution Office, the State Television (RTVE) and Radio (and those which he does not control directly have been showered with hundreds of millions of euros in ‘subsidies’ to keep them in line, docile), all the major trade unions, the National Office for Statistics (which now cannot be trusted as is heavily politically biased), the Tax Office, the Polls Office (!), the State Postal Service that sends and collects all votes by post (he appointed a schoolfriend as director whose lost the company over €1bn through gross corporate mismanagement), he also fully controls the company that counts all votes electronically in Spain (INDRA), etc.

Only the Senate, Spain's Supreme Court, and the CGPJ (Judge's General Council) remain independent.

And finally, after fighting tooth and nail for several years, Sanchez is concluding his drawn-out assault on the Judiciary (CGPJ) in a bid to control the appointment of all judges in Spain, and, if nothing stops him, is on the verge of winning.

All the above-listed democratic institutions were carefully devised by our Founding Fathers to keep checks and balances on the Executive to ensure it does not overstep its mandate and become all too powerful. Under no circumstances should they be under the control of the Executive, much less under the direct control of one man.

When a so-called democratic nation has the Executive, Legislative, and Judiciary powers (and even the majority of the press, both public and private, the so-called fourth power) all in the hands of a single man, it can no longer be formally labelled as a democracy. It's not semantics, it's the truth. Therefore Spain, whilst officially still a democracy - on paper - has de facto become an autocracy led by Pedro Sánchez Pérez-Castejón.

His aim is to subvert the constitutional order from 1978, overthrow the Spanish Monarchy, and install a III Republic with him as its first president.

I can only hope that the men and women who are sworn to protect and uphold Spain’s Constitution of 1978, the Rule of Law, and Justice carry out their duty and avoid Spain breaking up into several territories and being transformed into an autocracy, name it III Republic, or whatever you will. The balkanization of Spain into multiple nations must be avoided, as it will surely lead to a new civil war.

Spain’s Constitution of 1978 and its Monarchy have been guarantors of peace and prosperity in the land for almost 50 years. A land which historically is prone to political turmoil and ravaged by civil wars. Subverting or toppling them will lead to political instability, which will be followed by chaos, and possibly bloodshed.

This outcome must be averted at all costs, by those who can, by those who will.

“The only thing necessary for evil to triumph in the world is that good men do nothing.” – Edmund Burke

Williamsport Crossing, depicting the crossing of the Potomac River by General Lee and his army on June 25, 1863. Art by John Paul Strain. Lee rode into many battles Traveller, a gray war horse notable for its stamina and courage, who would actually outlive him, and is featured in this portrait above.

“Duty is the sublimest word in the language; you can never do more than your duty; you shall never wish to do less.” – Robert E. Lee

Robert Edward Lee (19th January 1807 – 12th October 1870). Was a Confederate general during the fratricidal American Civil War. Born to an affluent family in the state of Virginia, he would go on to study at Westpoint. He graduated second in his class, never receiving a demerit, which was outstanding at the time. There he would carefully study for hours on end, in the original French, military treaties that described Napoleon’s brilliant military campaigns and genius tactics. These manuals had not been translated into English at the time. Lee would serve in the US Army over the next three decades.

Unfortunately, years later, it became clear the outbreak of civil war was imminent given the disputes over slavery. War would be triggered by the surprise bombing of Fort Sumter on the 12^th of April 1861 by the Southern Militia. Robert was immediately called in as a commissioned officer and offered the supreme command of the Union Army, which he politely turned down as it would entail fighting against everything he held dear. He renounced his military commission and was allowed to return south.

The Confederate President, Jefferson Davis, seizing the opportunity, would immediately offer Lee the supreme command of the Confederate States Army, which he reluctantly accepted out of duty. It should be noted that back then, one held allegiance to his home state rather than to a newly-minted supranational entity that united all the states, which in time would be known to us as the United States of America.

Robert was all too aware the civil war was all but lost for the South and would last at least 4 years. His accurate foresight acted in sharp contrast to the irredentist optimistic assessment of both northern and southern politicians, who (foolishly) thought it would last at most a couple of months. Lee was fully aware the North held a (much) larger standing army, could rely on infinite material resources, especially manufactured ones, such as firearms and cannons, fully controlled the railway system, and even controlled the Navy which would threaten to choke and disrupt his supply chain and deter any foreign aid. In effect, the North vastly outnumbered the South, both numerically and materially. Anyway you analysed it objectively, the South was bound to lose a war of attrition, and Lee knew it. Consequently, Lee devised a shrewd plan in an attempt to avert a protracted war.

The only way to come out on top, and avoid a drawn-out war of attrition, given the crippling disadvantages of the South vs. the North, was to deliver a quick and decisive blow to Washington D.C. itself and brook for peace. Despite constantly facing larger armies, on a 2:1 ratio, General Lee inflicted grievous losses and defeated the Union Army, time and time again, which would crumble away at his relentless advance on Washington. The Union’s President, Abraham Lincoln, increasingly grew desperate as he was unable to find a suitable commander to face Lee’s military genius. After many sounding defeats for the North, he eventually found in Ulysses S. Grant, a man who would resolutely withstand Lee’s onslaught, neither retreating nor surrendering. General Grant, (finally) putting in motion the North’s vast material and human advantage, would purposely pursue a war of attrition knowing all too well the South would eventually cave in and be defeated. Lee faced his worst nightmare, a protracted war of attrition that would drag on for over four years. General Lee would finally be defeated in the decisive battle of Gettysburg, which saw the largest loss of human lives during the whole conflict.

As punishment, Lee’s mansion at the plantation at Arlington, would be surrounded by corpses rendering the property unfit to be lived or worked on. Arlington would become a U.S. military cemetery to this very day. Lee would gracefully surrender his sword at Appomattox and would commit all Southern forces to depose arms, seek peace, and assist to rebuild a shattered nation. General Grant held Lee in the highest esteem and went out of his way to stop any personal retaliation against him or the South after the war. Republican President Abraham Lincoln, likely the finest US President ever, would go into great lengths to ensure the festering wounds left open during the fratricidal Civil War were healed; generously reconciling both sides in equal terms, as one nation, indivisible, under God, laying the path for the country’s success and greatness over the next two centuries.

The fast type of warfare Lee developed in his brilliant campaigns (inspired by Napoloen’s enveloping tactics) through his masterful use of cavalry, led by his faithful second-in-command J.E.B. Stuart, was revolutionary at the time and would be carefully studied in military academies the world over, inspiring men such as Heinz Guderian, a proficient German WWII general, who carried over his valuable lessons translating them into modern tank warfare, developing the Blitzkrieg doctrine.

Despite facing overwhelming odds, Lee carried out his duty unwaveringly, defending his home state of Virginia, his family, friends, and all of the South he held dear in a succession of brilliant military campaigns that almost wrestled victory away from the Union, which doubtless would have spelled its demise. Had Lee succeeded, and he came very close, our world would indeed now be a very different place.

Robert is likely the finest general to ever be born in the United States of America, who (sadly) happened to wage war against his own country. It has to be understood that he did not desire the Union to be fractured into two factions, did not approve of slavery, and nor did he desire a futile fratricidal civil war. General Lee carried out his duty – as is to be expected of any active serviceman – in defence of his people, their values, and his beloved home state of Virginia.

There is no need to topple his statues.

Marbella-based Larraín Nesbitt Lawyers has over 20 years' taxation & conveyancing experience at your service. We offer a wide range of over 50 legal and corporate services. Our team of native English-speaking lawyers and economists have a long track record successfully assisting expats all over Spain. You can review here our client’s testimonials.

Copyrighted © 2023. Plagiarism will be criminally prosecuted.

Just a gentle reminder to all non-residents, who own property in Spain and rent it out (whether long or short-term i.e. holiday home); you must file your Q3 2023 quarterly tax return now in July 2023. You are being taxed on your rental income for the previous three months: July, August, and September.

For 2023, the non-resident tax calendar is as follows:

• Q1 January – March. Filed on the first 15 days of April
• Q2 April – June. Filed on the first 15 days of July
• Q3 July – September. Filed on the first 15 days of October
• Q4 October – December. Filed on the first 15 days of January 2024

Our cut-off date to accept filing Q3 2023 non-resident tax returns is Friday the 13th of October 2023.

Please do not wait until the last moment to submit your quarterly tax return. We file this tax online all over Spain within 24 working hours.

We can offer you this tax service for a very competitive fee.

Our fee is 100% tax-deductible from the tax to pay.

The main highlight of our tax service is that we reduce your income tax by 70%, or more, on applying for lenient landlord tax relief on all your property-related expenses.

Contact us and pay less tax. If you overpay taxes in Spain, it's only because you want to.

Related tax service

Holiday Rental Accounting Service (HRAS)

Related taxation articles

• Holiday Rental Laws in Spain – 8th of March 2015
• Non-Resident Taxes in Spain – 8th December 2015
• Holiday Rental Laws in Andalusia (Decree 28/2016) – 8th of February 2016
• Renting in Spain - Landlord´s Taxation – 8th of January 2017
• Holiday Home Taxation in Spain – 8th of July 2017
• Holiday Rentals in Andalusia Made Easy – 3^rd July 2017
• Non-Resident Income Tax – 8^th December 2017
• Holiday Rental Accounting Service (HRAS) – 16^th January 2018
• Holiday Rental Taxation in Spain – 8th July 2018
• Renting in Spain: are you still overpaying income tax every quarter? – 16^th October 2018
• You are taxed at source on renting out in Spain – 30^th November 2018
• Did you get an email from AirBnb over your Spanish tax details? – 21st December 2018
• Important information from the Spanish Ministry of Finance – 7^th January 2019
• Property portals and rental platforms to pass on landlord details to the Spanish Tax Authorities. Are you prepared? - 12th January 2019
• Holiday lettings: VAT invoice dissected – 11th February 2019
• Requerimiento - Spanish tax agency's summons – 7th March 2019
• Save 70% on your landlord tax bill – 8th March 2019
• Spain's new rental law in 2019 – 8^th March 2019
• 8 Tips for Buy-To-Let Success in Spain – 21^st October 2019
• Rentals climb for the fifth consecutive year in Spain! – 12^th February 2020
• Spanish Government caps rent hikes to 2% in 2022 – 1^st April 2022
• Spanish Government extends the 2% rental cap a further 3 months – 21^st June 2022

Please note the information provided in this blog post is of general interest only and is not to be construed or intended as substitute for professional legal advice. This article may be posted freely in websites or other social media so long as the author is duly credited. Plagiarizing, whether in whole or in part, this article without crediting the author may result in criminal prosecution. Ní neart go cur le chéile. VOV.

2.023 © Raymundo Larraín Nesbitt. All rights reserved.

21^st September 2023

One step forward, two steps back.

Spain’s Congress approves the use of regional languages in its sessions. Spain, the only country in the world to approve such a daft measure, will now be using four official languages during its plenary sessions. Congressmen will now be required to use translator devices to understand each other!

You really couldn’t make it up.

Whilst the rest of the planet is busy studying Spanish (the fourth most spoken language, and the second in importance worldwide trailing only after English, spoken by 22 countries, or half a billion people), Spanish politicians are busy approving new divisive laws that marginalize the language of Cervantes.

This deluded measure is a political concession the incumbent President has agreed with nationalists (read separatists) to secure being re-elected into office another 4 years.

In effect, Pedro Sanchez is leading the country down a dark path of balkanization, erecting new artificial walls, sowing dissension, and in general bending over backwards to undermine the country’s cohesion and union. And he’s doing a great job at that!

A country’s language is a cultural heritage that needs protection, it enriches and unites its nationals, meshing them together into one.

Perhaps I’m being hopelessly naïve and idealistic, but one would imagine the priority of this president is to rally the country behind him, as one, in these difficult times. Curbing down its (over)reliance on (over)public spending, decreasing unemployment levels (the highest in all of the EU and out of the OECD), diversifying the economy so it doesn’t rely as much on tourism, allowing easier access to homes for first-time buyers, reducing taxes, vastly improving public education by allocating more resources towards it, paying teachers (much) higher wages, etc.

Nope, not a chance. Silly me.

His priority is power. And if that means balkanizing the country, so be it. He will approve a general amnesty and basically duck his head in the sand in the face of a financial tsunami that quickly approaches Spain (in the shape of high interest rates) that threatens to swallow the country whole in a sea of darkness.

Truly, we have the worst president at the worst of times.

“A house divided against itself cannot stand.” – Abraham Lincoln

Abraham Lincoln (1809 – 1865). From an impoverished humble background of corn farmers, this self-taught American lawyer, strategist and politician would rise to serve as the 16th US President. He resolutely ensured a pro-Union victory, strengthened the federal government, modernized the economy, brought about the emancipation of slaves and preserved the Union. During his tenure, he held presidential elections in 1864 to be re-elected, amid a devastating Civil War that threatened to tear his country apart and engulf it in a sea of darkness; yet he gave example in the face of adversity, holding steadfast to his ideals, steering the ship safely into port and acting as a beacon of Democracy which light shone with a fierce intensity the likes of which the world has never witnessed, before or since. Never again would a country hold presidential elections amidst a bloody civil war in what constitutes one of History’s greatest democratic feats to date. But most importantly, he went into great lengths to ensure the festering wounds left open during the fratricidal Civil War were healed; generously reconciling both sides in equal terms, as one nation, indivisible, under God. It is for this very reason, that more than two centuries on, he is widely regarded as the greatest American President to grace the White House; likely the greatest American of all time, towering above the rest. Through his courage and sacrifice, which ultimately claimed his own life, he laid the groundwork of what was to become the greatest and most powerful nation on earth over the next two centuries. A true statesman that would always put ahead of any consideration the best interests of his people, by tearing down divisive walls, and fostering at every opportunity union.

Please note the information provided in this article is of general interest only and is not to be construed or intended as substitute for professional legal advice. This article may be posted freely in websites or other social media so long as the author is duly credited. Plagiarizing, whether in whole or in part, this article without crediting the author may result in criminal prosecution. Ní neart go cur le chéile. VOV.

Larraín Nesbitt Abogados, small on fees, BIG on service.

2023 © Raymundo Larraín Nesbitt. All Rights Reserved.

Marbella-based Larraín Nesbitt Lawyers has over 20 years' taxation & conveyancing experience at your service. We offer a wide range of over 50 legal and corporate services. Our team of native English-speaking lawyers and economists have a long track record successfully assisting expats all over Spain. You can review here our client’s testimonials.

Copyrighted © 2023. Plagiarism will be criminally prosecuted.

11^th of September 2023

Introduction

Unbeknownst to most non-resident property owners, on buying property in Spain, you automatically become liable to pay IBI and rubbish tax on the following year. No one will give you the heads-up on these taxes, so it is up to you to find out how much you owe and comply with the Spanish Tax Authorities.

IBI tax is of crucial importance because it has associated a valuation for tax purposes of your home known as 'cadastral value' (valor catastral, in Spanish) which is used as the benchmark to calculate any, and all, property-related taxes.

IBI Tax - Definition

The Impuesto sobre Bienes Inmuebles (IBI, for short) is a tax that applies to both residents and non-residents. In some parts of Spain it is known as SUMA. All property owners must pay this tax every year.

This is a local tax levied by the town hall where your property is located. It is paid once a year (normally due in August through to November). This is Spain’s equivalent of the United Kingdom’s Council Tax. It varies from one town hall to the next. It is based on the rateable value of your property (0.4 – 1.1% of cadastral value per annum); for cheap properties (think rural land) it can be as low as a few euros whereas posh pads, in sought-after prime locations such as Marbella and Mallorca, command several thousand euros/year.

Cadastral Value - Definition

Is the assessed value local Tax Authorities give to a property. It is usually well below the market value. This rateable value is used as the taxable base to calculate a series of taxes. You will find the cadastral value of your property in one of your local tax bills (i.e. IBI). Be aware that a storage room or parking may be regarded legally as a distinct separate entity from your main home and therefore subject to their own individual cadastral values. A cadastral value, in general terms, is 30 to 40% below the current market price of a property. So, it does not equate to a property's true market value, it is actually well below it (which is good news).

Importance

• IBI tax is used as the benchmark to calculate all property-related taxes.
• On selling, a buyer’s lawyer will demand copies of IBI and rubbish tax invoices to prove a seller is up to date. 

When are these taxes due?

Town halls are empowered to rule on this, so it varies. Normally, it is payable once a year, typically from August through to September.

Whoever owns the property on the 1st of January is liable to pay these taxes, by law.

Severe consequences of non-payment of IBI tax

• It may lead to your property being impounded and sold off in a public auction by local authorities. Spanish town halls, besieged by falling revenue, are becoming increasingly adept at pursuing aggressively this local tax post-credit-crunch; particularly for high-end property.
• It is not possible to file and pay NRIT and NRIIT taxes, as it requires for its calculation IBI tax. This in turn attracts fines, delay interests, and surcharges.
• On selling, a buyer’s lawyer will practice a huge retention to safeguard against any unpaid IBI tax.
• As a seller, you may forfeit the 3% sales proceeds tax rebate (plus legal interests). On selling, when a seller is non-resident in Spain, buyers must withhold 3% of the sales proceeds by law and pay it into the Spanish Tax Office. Non-resident sellers are entitled to a tax rebate on the 3% (subject to criteria).

Larraín Nesbitt Abogados can assist you domiciling both taxes wherever your property is located in Spain. Give us a call.

We offer this service:

IBI tax (town hall rates) and refuse collection (basura)

At Larrain Nesbitt Abogados (LNA) we have over 20 years’ experience assisting clients buying, selling, or renting properties. We can also offer you a competitively priced accounting service to file your landlord taxes every tax quarter nationwide. We are also specialized in immigration & residency visas. You can contact us by e-mail at info@larrainnesbitt.com, by telephone on (+34) 952 19 22 88, or by completing our contact form to book an appointment.

Larraín Nesbitt Abogados, small on fees, BIG on service.

2023 © Raymundo Larraín Nesbitt. All Rights Reserved.

Lawyer Raymundo Larrain briefly explains the (groundbreaking) changes in inheritance tax in the region of Valencia.

In a bold move, the newly appointed regional government of Valencia has approved today Friday 21^st of July to suppress inheritance tax from parents to children (Groups I & II) with retroactive effects as from the 28th of May 2023. This still needs to be ratified by the Valencian regional parliament as a mere formality to be enacted (likely within the next 30 days).

In Spain, beneficiaries are classified in four different groups depending on their kinship with the deceased. As a general rule, the closer the kinship, the more lenient the tax allowance.

Group I: Natural and adopted children under 21.

Group II: Natural and adopted children over 21, spouse, registered civil partnerships, parents, adoptive parents, grandparents, and great-grandparents.

Group III: Relatives in second and third degree: in-laws, brothers/sisters (siblings), nephews/nieces, aunts and uncles.

Group IV: Relatives in fourth degree, or without any relationship: a friend, common law partners.

You can expect these tax breaks to be expanded, and improved upon, over the next years in the Valencia to include Group III, in line with what’s already been approved in other regions of Spain with similar tax-friendly laws.

This trend follows on the back of other Spanish regions which have also suppressed IHT over the years to much success, such as:

• Andalusia
• Balearic Islands*
• Madrid
• Cantabria
• Castilla y Leon
• Extremadura
• Murcia

*to be approved shortly

That’s great news, but I’m a British national (or from outside the EU), this tax change surely doesn’t benefit me

Actually, it does!

Although Brexit is undoubtedly an unmitigated disaster, the good part is that our nice EU Overlords have ruled that ALL non-EUs must also benefit from regional tax allowances (such as this new one in Valencia) in line with the core tenements that behove the Union.

Bottom line, if you are British, this tax change favours you. Same goes for our American cousins, Canadians, South Africans, Australians, New Zealanders, etc basically anyone who wasn’t lucky enough to be born in the light of the Union; nobody is perfect. ????

And for those brave souls that wish to delve deeper on this arid tax topic: Inheritance tax in Spain: regional tax reliefs to benefit ALL non-residents in the future (even outwith EU/EEA) – 29th July 2019

LNA offers the following related tax & legal services:

• Will-writing service
• Probate & Succession (inheritance tax)
• Death Certificate
• Spanish Inheritance Tax Assessment Report (SITAR)

Further reading:

• Spanish Wills and Probate Law in Light of European Regulation 650/2012 – 8th January 2015
• Changes to Spain’s Inheritance and Gift Tax Law – 21st February 2015
• Dispelling Spanish Inheritance Tax Myths – 8th August 2015
• Spanish Inheritance Tax for Non-Residents (Part I) – 21st February 2016
• Spanish Inheritance Tax for Non-Residents (Part II) – 8th March 2016
• Brexit and Inheritance & Gift tax in Andalusia – 8th August 2019
• Inheritance tax in Spain: regional tax reliefs to benefit ALL non-residents in the future (even outwith EU/EEA) – 29th July 2019
• Dealing with someone’s affairs in Spain when they die – 2nd March 2023

Marbella-based Larraín Nesbitt Abogados (LNA) has over 20 years’ taxation & conveyancing experience at your service. We offer a wide range of 50 legal and corporate services. Our team of native English-speaking lawyers and economists have a long track record successfully assisting expats all over Spain.

“There is nothing impossible to him who will try.” – Alexander the Great

Alexander III of Macedon (21st of July 356 BC – 11th of June 323 BC).

Please note the information provided in this article is of general interest only and is not to be construed or intended as substitute for professional legal advice. This article may be posted freely in websites or other social media so long as the author is duly credited. Plagiarizing, whether in whole or in part, this article without crediting the author may result in criminal prosecution. Ní neart go cur le chéile. VOV.

You can review here our client’s testimonials.

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Inset photo: Andalusian thoroughbred running free at dawn

21st of July

The most decisive elections in Spain’s young democracy will take place next Sunday, 23^rd of July. Make no mistake, these are no ordinary elections, and the Kingdom of Spain, and even people’s freedom, are at stake, depending on who wins.

On the one hand, we have the incumbent; a shadowy figure that casts darkness on the land with his autocratic actions. An arrogant, self-absorbed man who’s blindsided by his relentless pursuit for power, forging any and all alliances necessary to ensure he wins, no matter the cost to the country. For him the end justifies the means. A man who has sowed dissension among Spaniards, creating a rift wedged deeply into society driving the country back to the dark days of 1936. An obsessed man, whose mind dwells in the past, who’d rather turn his head to the dark days of Spain’s II Republic, in the 1930’s, approving law after divisive law on civil war matters (?) with the aim to reshape the past and irresponsibly reopen old forgotten wounds which now fester, rather than living in today’s modern democratic light and looking forward to the country’s bright future. Long gone are the halcyon days of 1978, all the work carefully put into place by wise politicians from all the political spectrum, ranging from hardline communists to right-wingers, coalesced in the constitutional order of 1978 which reconciled both sides, as one, indivisible, under the Rule of Law, and brought peace and prosperity to us all. This hard-won legacy our forefathers built, has been greatly undermined by this irresponsible president over the last 6 years, since he seized power, in effect weakening the core pillars on which Spain’s stability rest. A true statesman seeks unity, integration, working hard to reconcile both sides as one, in equal terms, bringing down divisive walls, and to close festering civil war wounds, ruling in benefit of all, even those that did not vote him. He has overindebted the country to the tune of €2 trillion, leaving it almost tethering in bankruptcy. He has (foolishly) and shortsightedly put in motion separatist referendums in both Catalonia and the Basque Country to appease his separatist political allies, which act as time bombs, possibly sowing the seeds of a new civil war, God forbid. He has marginalized the Spanish language in several regions of Spain to ensure the political backup of his loyal separatist political allies. He has approved reckless gender laws that have allowed hundreds of rapists to walk out of jail free, significantly reducing the jail terms of thousands more (so much for looking after woman’s rights). He has reduced the jail terms in corruption and embezzlement cases (to benefit close political allies) which has allowed corruption to thrive in Spain. He has colonized all independent democratic institutions in the land, appointing his own cronies, that have tarnished the well-earned reputation of these institutions, putting into question their independence. His actions have been rebuked no less than three times by Spain’s Constitutional Court on approving illegal and unconstitutional measures to lock down the whole country during the global pandemic, killing freedom of movement. A man blackmailed by foreign powers (through sensitive information downloaded from his mobile) to exert untold influence on Spanish Foreign Affairs. A passive man who was incapable of either foreseeing or understanding the gravity of the Covid pandemic which led to the premature and unnecessary death of thousands of our seniors across the country, unlike other regional politicians, such as Isabel Diaz Ayuso, who pre-empted it and saved thousands of lives acting resolutely. A man who governs the country through executive decrees to bypass the checks and balances of the democratically elected Congress and Senate. The political model to which he aspires is Maduro’s Venezuela, a political regime that seeks to quash any and all freedom and equalize us all in poverty, making us state-dependent of subsidies and grants, which make citizens easy to control by those who wield power. A man whose paid gold hundreds of millions of euros to trade unions and high-profile journalists and media to ensure their complicit silence. And to those beleaguered journalists who still bravely defy him, and stand up to him, delivering the truth, he has approved a new inquisitorial court (?) that levies eye-watering fines, a move straight out of the playbook of the U.S.S.R. Over 130 billion euros of EU money from the Next Generation funds are unaccounted for after three years. No one knows where this money is, so much for transparency. A man, who abetted by his communist government partners, undermines private property day in and day out, giving wings to squatters all over Spain. To sum it up, his legacy is leaving a bankrupt country, a polarized society, with the highest unemployment figures, not only of all the EU countries, but out of the whole OECD, with the highest fiscal pressure out of all the Union. His political allies’ are hard left-wing terrorists (whose hands are tainted with the innocent blood of dozens of young children murdered in cold blood, as well as 800 adults), communists, and separatists that openly seek to destroy the nation from within, by bringing down the constitutional order from 1978 and the Spanish Monarchy, pillars and guarantors of stability which have ensured, for over 45 years, peace & freedom in the land. His ultimate goal, and that of his political allies, is to overthrow Spain’s Monarchy, overturn the Spanish Constitution from 1978, and reinstate a III Republic in Spain. Pedro Sánchez Pérez-Castejón will pass on to history as the worst Spanish President.

On the other hand, we have an untested opposition, led by weak men. Our greatest hope lied in two strong women, alas both were cast aside; one was the greatest congresswoman Spain has ever seen, an elite civil servant who worked tirelessly and delivered some of the greatest arousing speeches to date, but she lost her party and the plot. The other one is a journalist who works selflessly for her constituents, living in a gilded cage, ensnared by her own party despite clearly being a natural born leader that has trailblazed election after election, winning by a landslide, without resorting to gender-imposed quotas. She’s de facto Spain’s opposition’s leader in all but in name. A true stateswoman who unfortunately is held back by her own people. Truly, an army of lions led by sheep.

Power is not given, it’s taken.

Inset Alexander's image: copyright rights held by its holder (unable to find to credit them).

“There is nothing impossible to him who will try.” – Alexander the Great

Alexander III of Macedon (21st of July 356 BC – 11th of June 323 BC). Alexander was born into Macedon’s royal family as heir-to-be. His father, Philip II, was by all accounts an extraordinary man on his own merits, who catapulted Macedon from an obscure backwater barbaric kingdom in the northern fringes into the most powerful Greek kingdom of all time. Philip managed to unite all of Greece under his command in only one year (for the first time ever), ending the endless bloodshed and petty feuds that consumed warring Greek states, weakening and dividing them, making them easy prey for a power-hungry Persia, always eager to sow dissension among the Greeks. Philip revolutionized Greek warfare by creating the Macedonian Phalanx, the most advanced and effective military unit the world had seen until the advent of the Roman Legion, centuries after. Unfortunately for Philip, his great historic figure would be eclipsed and dwarfed by that of his eldest son, Alexander.

Philip was most impressed by Alexander’s feats from a young age, and decided the lad was worthy of a regal education. He would hire as his tutor a man who is arguably the greatest thinker of Western Civilization, Aristotle, Father of Philosophy, who became Alexander’s tutor from the age of 13 until the age of 16. Teaching him, and his friends at court, later known as the Companion Cavalry, multiple subjects such as philosophy, logic, history, mathematics, botanics, geography, astronomy, languages, map-making, etc. As a result of his exceptional education, fit for a king, Alexander would always hold in the highest esteem knowledge and those independent thinkers who wield it (i.e. Diogenes), to the point he always placed it above other mundane cravings, such as wealth, power, or sex. In his own words: "My father gave me life, my teacher (Aristotle) gave me a good life." Later on in life, he would establish the Great Library of Alexandria, which in time would be populated with scholars and would become a beacon of enlightenment in the Old World. He was an avid reader, and would always carry into battle the works of Homer (specially an annotated version of the Iliad gifted to him by Aristotle) and would have delivered to him literature and Greek plays during his long campaigns in Asia. In payment of Alexander’s outstanding education, Philip agreed to transform Aristotle’s hometown (Stagira) from a brick town into a marble city in what is likely the most expensive education received by any human being in recorded history – but it paid off! At only 16 years old, Alexander concluded his formal education and began waging war as second-in-command of his father leading the Companion Cavalry that would crush the Thebans. At 21 years old, Philip passed away, leaving Alexander the Kingdom of Macedon, a unified Greece, and the most disciplined and battle-hardened Western army at the time. Truly, a lion commanding an army of lions.

Alexander was quick to put in motion his father’s dream of conquering the Persian Empire, at the time the greatest and most extensive empire known to man under whose oppressive shadow Greeks had endured for centuries. Alexander knew his men (very) well, even by name (like Napoleon). He would lead the Companion cavalry riding Bucephalus, a fiery tempered black horse that would allow no one to ride it, bar Alexander. Alexander developed and honed from a young age a preternatural prescient ability to anticipate enemy commander’s every move. Few commanders in history can match, let alone surpass, his military prowess in the battlefield, except perhaps Napoleon or Hannibal. Alexander would remain undefeated throughout his lifetime in hundreds of battles and sieges, except by death itself; he never lost a single battle despite regularly facing overwhelming odds of 10-to-1, leading assaults from the front (and was grievously wounded multiple times as a result of his unbridled impetus), always devising new, bold strategies which are still studied to this very day in military academies the world over. His innate leadership skills, and proven command abilities, would earn the respect and admiration of his army, including the grizzled veterans that served under his father's banner, devoting themselves to their young commander’s boundless ambition to wherever he may lead them.

Alexander died aged only 32 years old in Babylon having conquered the largest empire known to man, sprawling across three continents. It stretched from Greece (Europe), through Egypt (Africa), most of the Middle East, and all the way to India (Asia). He was likely poisoned by someone in his entourage, as he was planning a new grand campaign to conquer Arabia, and then head west, as he had heard whispers of a fledgeling empire that was aggressively expanding in the Mediterranean Basin, that in time would be known to us as Rome. Ironically, after his death, he would become instrumental in preparing the foundations for the Roman Empire, which drew great inspiration from Alexander’s sprawling empire. It is rumoured that Julius Caesar, aged 32, on visiting the temple of Hercules in Gades (modern Cádiz, Spain), wept over Alexander’s statue as he felt he had accomplished nothing in life at his same age.

Alexander dreamed of creating a unified empire where men would be treated as equals (irrespective of their ethnic origin, religion, sexual orientation, or social station), sharing knowledge in liberty. To this end, he fostered interracial weddings with a purpose of integration and unity. He would always go to great lengths to respect other people’s religious beliefs, and freedom, never imposing his own Greek Gods or traditions on those civilizations he conquered, and he even adopted local customs from the lands he ruled (which garnered much criticism from among his own ranks), quelling all future rebellions before they even began to hatch. In effect, he was mindful to preserve and respect each country’s idiosyncrasy (even administrative and legal structures), uniting them all under one banner, but not absorbing them. In time, his style of leadership would command great respect and loyalty from all conquered lands and people who would grow to see him almost like a God walking among men. We would need to wait another two and a half millennia for his dream to come true, and frankly we are still working hard towards it. Most of what we know from his life comes from Greek historian Arrian. Posthumously, in recognition of all his superhuman feats, Romans bestowed the honorary title ‘the Great’. Alexander would achieve his childhood goal of passing into history and becoming ‘immortal’, following on the footsteps of his beloved Achilles, from whom it was rumoured he was a descendant on his mother’s side (Epirus royalty).

Through his resolute actions, Alexander preserved, and greatly expanded, Hellenistic ideals and culture (bedrock of today’s modern Western values) to most of the known world and beyond, keeping at bay the jaws of Persian autocracy. Had Persian imperialism won over Greece, through gold or blood, the Greek light and ingenuity – and all its precious legacy – would have been lost to us; snuffed out of existence, and our world cast into darkness and shadow. Indeed, a very different place from what it is now. We can even credit him for the fast spread of Christianity across the Old World. This would not have been accomplished as fast as it did had his vast empire not shared a lingua franca (Greek) and culture that made it possible and also because of his staunch defence of monotheism, which paved the way for Christianity to spread like wildfire. Alexander’s bright light burns with a fierce intensity the likes the world has not witnessed, before or since, shining on even two thousand years. Alexander exemplifies the very best of youth idealism; he was instrumental in pioneering the way for today’s Western values that now undergird all democratic societies.

In an outstanding time, full of intellectual giants, scholars, warriors, heroes, kings and other great historical figures, Alexander towers above them all, a shining beacon of Humanity. He is arguably the greatest historical figure of Classical Greece and one of the finest commanders in history.

A man ahead of his time, whose mind was touched by (a) God.

Please note the information provided in this article is of general interest only and is not to be construed or intended as substitute for professional legal advice. This article may be posted freely in websites or other social media so long as the author is duly credited. Plagiarizing, whether in whole or in part, this article without crediting the author may result in criminal prosecution. Ní neart go cur le chéile. Voluntas omnia vincit.

2023 © Raymundo Larraín Nesbitt. All Rights Reserved.

Marbella-based Larraín Nesbitt Lawyers has over 20 years' taxation & conveyancing experience at your service. We offer a wide range of over 50 legal and corporate services. Our team of native English-speaking lawyers and economists have a long track record successfully assisting expats all over Spain. You can review here our client’s testimonials.

Copyrighted © 2023. Plagiarism will be criminally prosecuted.

Just a gentle reminder to all non-residents, who own property in Spain and rent it out (whether long or short-term i.e. holiday home); you must file your Q2 2023 quarterly tax return now in July 2023. You are being taxed on your rental income for the previous three months: April, May, and June.

For 2023, the non-resident tax calendar is as follows:

• Q1 January – March. Filed on the first 15 days of April
• Q2 April – June. Filed on the first 15 days of July
• Q3 July – September. Filed on the first 15 days of October
• Q4 October – December. Filed on the first 15 days of January 2024

Our cut-off date to accept filing Q2 2023 non-resident tax returns is Friday the 14th of July 2023.

Please do not wait until the last moment to submit your quarterly tax return. We file this tax online all over Spain within 24 working hours.

We can offer you this tax service for a very competitive fee: 

• EU resident: 125 euros*
• Non-EU resident: 75 euros*
  

*_{The quoted fee is plus vat, per property and per tax quarter, it includes up to two joint owners i.e. husband & wife.}

Our fees are 100% tax-deductible from the tax to pay.

The main highlight of our tax service is that we reduce your income tax by 70%, or more, on applying for lenient landlord tax relief on all your property-related expenses.

Contact us and pay less tax. If you overpay taxes in Spain, it's only because you want to.

Related tax service

Holiday Rental Accounting Service (HRAS)

Related taxation articles

• Holiday Rental Laws in Spain – 8th of March 2015
• Non-Resident Taxes in Spain – 8th December 2015
• Holiday Rental Laws in Andalusia (Decree 28/2016) – 8th of February 2016
• Renting in Spain - Landlord´s Taxation – 8th of January 2017
• Holiday Home Taxation in Spain – 8th of July 2017
• Holiday Rentals in Andalusia Made Easy – 3^rd July 2017
• Non-Resident Income Tax – 8^th December 2017
• Holiday Rental Accounting Service (HRAS) – 16^th January 2018
• Holiday Rental Taxation in Spain – 8th July 2018
• Renting in Spain: are you still overpaying income tax every quarter? – 16^th October 2018
• You are taxed at source on renting out in Spain – 30^th November 2018
• Did you get an email from AirBnb over your Spanish tax details? – 21st December 2018
• Important information from the Spanish Ministry of Finance – 7^th January 2019
• Property portals and rental platforms to pass on landlord details to the Spanish Tax Authorities. Are you prepared? - 12th January 2019
• Holiday lettings: VAT invoice dissected – 11th February 2019
• Requerimiento - Spanish tax agency's summons – 7th March 2019
• Save 70% on your landlord tax bill – 8th March 2019
• Spain's new rental law in 2019 – 8^th March 2019
• 8 Tips for Buy-To-Let Success in Spain – 21^st October 2019
• Rentals climb for the fifth consecutive year in Spain! – 12^th February 2020
• Spanish Government caps rent hikes to 2% in 2022 – 1^st April 2022
• Spanish Government extends the 2% rental cap a further 3 months – 21^st June 2022

Please note the information provided in this blog post is of general interest only and is not to be construed or intended as substitute for professional legal advice. This article may be posted freely in websites or other social media so long as the author is duly credited. Plagiarizing, whether in whole or in part, this article without crediting the author may result in criminal prosecution. Ní neart go cur le chéile. VOV.

2.023 © Raymundo Larraín Nesbitt. All rights reserved.

Lawyer Raymundo Larraín Nesbitt looks at Majorca’s attractions as a place to live, visit, and invest.

I continue today with my running series on top places to buy and live in Spain. You can find older entries on this series scrolling down below. These impromptu light-hearted guides are not meant to be exhaustive; they are just there as a lighthouse to shed light on an area’s main highlights and landmarks.

Introduction

Majorca (Mallorca, in Spanish) is the largest of four islands that form the Balearic Islands, an archipelago off eastern Spain, located in the Mediterranean Sea.

Its name aptly means ‘big island’, as it’s the largest of the four. Historically it changed hands often, being initially colonized by Phoenicians, then Carthaginians, Romans, Byzantines, Vandals, Arabs, and finally Spanish to this very day (well, surely some cheeky bugger would point out it is now de facto German, but let’s play nicely, shall we?) Stimmt!

Mallorca, all lifestyles in one

Mallorca is a unique place that melds all kinds of lifestyles.

Do you fancy being a party owl? Mallorca has you covered (although its sister party island, Ibiza, may fit the bill better). Are you a sporty type? Mallorca can offers you all types, you name it. I’ve been told it’s home to some renowned Spanish tennis player. You fancy indulging yourself shopping in exclusive designer posh boutiques? Puerto Portals is the right fit for you. Are you a beach bum? Check out Llucmajor Beaches. Mallorca boasts several blue flag beaches and coves, with unspoilt scenery to die for. Are you more inclined towards the arts and introspection? You should check out the picturesque town of Deià, which is home to a small colony of artists and intellectuals. Or would you rather muse on what life holds out for you watching a dramatic sunset against a dashing blue sea in good company sipping a fine Rioja al fresco?

Mallorca simply has it all!

Fact is that Mallorca caters to all lifestyles, so you will be spoilt for choice!

Mallorca’s main highlights

• Port d’Andratx. The stylish port with light pastel colours, with over 450 berths, is set within a lovely harbour. Great dusk views over the harbour are guaranteed from lavish penthouses (if you can afford it)!
• The Port Town of Pollença. Pollença is always a popular family-friendly spot, with great white sandy beaches, a nice yacht club, and a beautiful crystal clear bay.
• Puerto Portals. It’s a glamorous seaside resort, that is visited every year by Spain’s royal family. This fashionable port boasts lavish restaurants, luxury shops, trendy designer boutiques, and glam cafes overlooking an exclusive yacht-filled marina. Très chic!
• Port de Sóller. In sharp contrast to its more upscale neighbours, it’s a simple discreet village, with honest and hard-working fishermen, surrounded by gentle olive groves that shy away from all the bling. Beautiful views at dusk are guaranteed!
• Deià. Far away from the mundane glitz, we find this small, picturesque village straight out of a postcard. The stone-made town stands on a ravine, surrounded by sweetly scented orange groves (known as Valley of the Oranges) on either side. Its isolation and quiet country life, make it a suitable home to a small colony of artists and poets. This small town boasts several quality restaurants. No doubt it’s one of Mallorca’s best-hidden gems waiting to be (re)discovered by connoisseurs.
• Cala Fuguera. Another quaint fishing village surrounded by mother nature. Its restaurants offer fresh seafood fished daily by the local natives.  
• Calvià Coastline. Much like Italy’s Amalfi coastline, you be spoilt driving through 50 kms of breath-taking unspoiled scenery, ideal for nature lovers!

Must-see places for art-lovers

Mallorca’s Cathedral (La Seu)

Overlooking the Old Harbor, and the bright sea beyond, perched atop a gentle rolling hill, lies a beautiful commanding 800-year-old cathedral. Its interior was remodelled by no other than renowned architect Antoni Gaudi in the 20^th century. It’s truly a landmark that one must visit in Mallorca.

The Hilltop Town and Monastery of Valldemossa

Nestled at the foot of the Tramuntana Mountain range (UNESCO world heritage site), we find a small hilltop town, with quaint stone houses, cobbled streets, and narrow alleyways. Its home to a 14^th century Carthusian monastery, built itself on the ruins of a Moorish citadel, that used to be under the watchful guard of the Emirate of Cordoba, that has lodged – among many others – renowned Polish musician Frédéric Chopin and French novelist George Sand. The peaceful setting inspired both artists to compose and write immortal works of art for us to enjoy.

Alcúdia’s Old Town

It’s a medieval walled town that is remarkably well-preserved. It was originally conceived to act as a bastion against the unrelenting attack of pirates and contrabandists that ravaged the area (nowadays these have rebranded themselves into a local respectful marquee bank marching affluent clients; I guess some things never change!)

Must-see places for history buffs

Santa Ponça

This was the site where King Jaime I of Aragon, known as James the Conqueror, launched a massive medieval invasion with 15,000 men and 1,500 horses, retaking the city, and all adjacent lands, from the Moors in one of La Reconquista’s many epic episodes that would in time lead to the unified Kingdom of Spain in 1492.

Palma de Mallorca

Majorca’s capital, started out in life as a Roman military camp (Palmaria), itself built on the remains of a Talaiotic settlement. It witnessed the conquest of Romans, Arabs, and finally Jaime the Conqueror. It’s now a major tourist attraction site and sitting capital of the Balearic Islands.

Conclusion

Heaven is a place on earth, and its name is Mallorca.

San Junipero, a Mallorcan-born priest, that brought Christianity to Baja and Alta California (modern USA), would surely agree with me.

Mallorca is as close as it gets to glimpsing the gates of heaven. If you can afford to acquire property there, it’s worth any sacrifice! Be a lion, invest your capital in real estate! The gates of heaven await.

“Without sacrifice, there is no happiness.” – Rafael Nadal

Original: «Sin sufrimiento, no hay felicidad.»

Rafael Nadal Parera (1986). Is a Spanish professional tennis player hailing from Manacor, Mallorca. He has been ranked world number one for 209 straight weeks, and finished as the year-end number 1 five times with a record 13 times in the top 2 of the year-end rankings. Nadal has won a joint-record 22 Grand Slam men’s singles titles, including a record 14 French Open titles. He has won 92 ATP singles titles, including 36 Master’s titles. Nadal is one of only two men to complete the Career Golden Slam in singles. Nadal is regarded as the best tennis player of all time, followed closely by his Swiss archrival, and friend, Mr. Roger Federer.

Nadal is an avid follower of El Real Madrid; I guess some people really are perfect.

Other entries in this running series:

• Costa del Sol: your dream home in paradise – 8^th April 2022
• Sotogrande, the pearl of Cadiz – 3^rd June 2022
• Barcelona, the beautiful – 8^th November 2022
• Madrid, passion for life – 21^st March 2023

Please note the information provided in this article is of general interest only and is not to be construed or intended as substitute for professional legal advice. This article may be posted freely in websites or other social media so long as the author is duly credited. Plagiarizing, whether in whole or in part, this article without crediting the author may result in criminal prosecution. Ní neart go cur le chéile. VOV.

2.023 © Raymundo Larraín Nesbitt. All Rights Reserved.