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Ignacio Pellicer, partner of Pellicer & Heredia in this up and close personal interview tells us about his background and his passion for law. He recounts his college years and his education through his love of travel which eventually led him to form , with his partner Pedro Heredia, his buoyant International law firm.

Ignacio Pellicer, partner of Pellicer & Heredia in this up and close personal interview tells us about his background and his passion for law. He recounts his college years and his education through his love of travel which eventually led him to form , with his partner Pedro Heredia, his buoyant International law firm.

1. What can I do to claim by share of my Dad’s inheritance? I didn’t speak to my Dad after he got married for the 2nd time, but I still want want is rightfully mine 2. My neighbor recently got an energy certificate – why would he do this?What does it mean? 3. Wealth tax, inheritance tax, income tax, all of these taxes in Spain – what do I have to pay? 4. I have got an escritura for my property here and a mortgage so why do I need a certificate that says it is habitable? Of course it is- I live there! 5. Why should I get a power of attorney sorted out? 6. We have got 6 children between us – from various marriages. What can I do to make sure that the kids that we don’t speak to anymore cannot get their sticky hands on our well earned money? 7. I do not live in Spain permanently so the tax office doesn’t need me to do a tax return – that is correct isn’t it? 8. We want to set up a company here in Spain, but want to know the different alternatives, can you help us with that? 9. Wills, inheritance tax, funerals and frozen bank accounts. I believe that everything has to be sorted out before I die. I am not planning on dying just yet, but how can I organize all of this – and it all seems to be in Spanish. 10. Where can I find your offices to for an appointment?

1. What can I do to claim by share of my Dad’s inheritance? I didn’t speak to my Dad after he got married for the 2nd time, but I still want want is rightfully mine 2. My neighbor recently got an energy certificate – why would he do this?What does it mean? 3. Wealth tax, inheritance tax, income tax, all of these taxes in Spain – what do I have to pay? 4. I have got an escritura for my property here and a mortgage so why do I need a certificate that says it is habitable? Of course it is- I live there! 5. Why should I get a power of attorney sorted out? 6. We have got 6 children between us – from various marriages. What can I do to make sure that the kids that we don’t speak to anymore cannot get their sticky hands on our well earned money? 7. I do not live in Spain permanently so the tax office doesn’t need me to do a tax return – that is correct isn’t it? 8. We want to set up a company here in Spain, but want to know the different alternatives, can you help us with that? 9. Wills, inheritance tax, funerals and frozen bank accounts. I believe that everything has to be sorted out before I die. I am not planning on dying just yet, but how can I organize all of this – and it all seems to be in Spanish. 10. Where can I find your offices to for an appointment?

1. What can I do to claim by share of my Dad’s inheritance? I didn’t speak to my Dad after he got married for the 2nd time, but I still want want is rightfully mine 2. My neighbor recently got an energy certificate – why would he do this?What does it mean? 3. Wealth tax, inheritance tax, income tax, all of these taxes in Spain – what do I have to pay? 4. I have got an escritura for my property here and a mortgage so why do I need a certificate that says it is habitable? Of course it is- I live there! 5. Why should I get a power of attorney sorted out? 6. We have got 6 children between us – from various marriages. What can I do to make sure that the kids that we don’t speak to anymore cannot get their sticky hands on our well earned money? 7. I do not live in Spain permanently so the tax office doesn’t need me to do a tax return – that is correct isn’t it? 8. We want to set up a company here in Spain, but want to know the different alternatives, can you help us with that? 9. Wills, inheritance tax, funerals and frozen bank accounts. I believe that everything has to be sorted out before I die. I am not planning on dying just yet, but how can I organize all of this – and it all seems to be in Spanish. 10. Where can I find your offices to for an appointment?

1. Can I write an international will in Spain, or does it have to be a Spanish will? 2. I’m buying an off plan property – what do I need to know, what are the pitfalls, when should I pay the deposit? 3. I have just received a letter from the tax office in Spain – does this mean that it is time to do my tax return? 4. How can I tell if my will is no longer recognized – can you look at my will for me, so I make sure that it is still valid? 5. I have never declared my civil servant pension in Spain, but I understand that the laws are changing all the time at the moment – so please can you confirm for me, what pensions that I need to declare, and what I do not have to declare? Thank you 6. I have put lots of money in and off plan property and now the builder has gone bust – how can I get my money back? 7. What is this new law about regularizing tax for the last 4 years. My friend visited your office the other day and you helped him amend his tax returns for the last 4 years. I do not want a big fine – what was he talking about? What can I do? 8. I do not want to leave anything to 2 of my children – who I have not spoken to for 15years – but I was told that I have to leave my children at least half of my assets – what can I do to make sure that they do not receive anything? – please help! 9. I bought a second property last year in Spain as a project to renovate. It is not my permanent residence, so I do not have to declare it – that is correct isn’t it? 10. Where can I find your offices for an appointment?

THE ANNUAL TAX RETURN IN SPAIN Contact Us: http://www.pellicerheredia.com/en/tax... According to Spanish law, it is considered that a person is tax resident in Spain when any of the following circumstances apply: • Stay in Spain for more than 183 days in the calendar year • The core of their economic interests lie in Spain The consequence of being tax resident in Spain, is the obligation to pay tax on all worldwide income within the PERSONAL INCOME TAX RETURN The obligation to declare this tax affects all residents, with the following EXCEPTIONS • Income from employment(pensions including those from overseas) does not exceed 22,000 euros annually • Investment income (interest, dividends ...) and capital gains do not exceed the limit of 1,600 per year • The limit of paragraph a) shall be 11,200 euros when: The income is not taxed at source, or when the total comes from 2 or more incomes (eg 2 pensions/2 salaries or 1 of each) and when the remaining sum of the second exceeds 1,500 per year. or When spouses receive compensatory pensions In all cases state taxpayers are obliged to declare their assets that are entitled to investment deduction for investment in their main residence and INTERNATIONAL DOUBLE TAXATION. There are 5 kinds of income: 1. Income from work (paid employment, pensions) 2. Investment income (interest, dividends) 3. Income from real estate (Rentals, Second homes 4. Income from economic activities 5. Capital gains (lottery, gambling winnings, sales of assets such as homes, stocks ..) These revenues in turn are divided into two sections with two different tax rates 1. INCOME FROM SAVINGS: Part of this income the investment income and capital gains that are evident at the time of transfer of assets 2. GENERAL INCOME: The rest that is not part of savings income TAX RATES: • SAVINGS INCOME: From 21% to 27% • GENERAL INCOME: From 24.75% MINIMUM CONTRIBUTOR: • Minimum exemption per taxpayer: € 5,151 • Greater than 65 years: € 6069 • Greater than 75 years: € 7191 In addition, employment income and pensions have a minimum exemption of € 2,652 MOST IMPORTANT DEDUCTIONS: 1. Deduction of 15% of the amounts for the purchase of the main residence, acquired before 01/01/2013. 2. Deduction of 10.05% of the amount paid in rental housing. 3. Double Taxation Deduction Contact us: Pellicer & Heredia +34 965 480 737 http://www.pellicerheredia.com/en