Bridging the Legal Gap: How AI Legalese Decoder Can Simplify Transferring Money from France for a House Purchase in Spain
- May 13, 2024
- Posted by: legaleseblogger
- Category: Related News
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## Legal Advice Needed for Transferring Funds for House Purchase in Spain
Hey everyone,
I am currently in the process of buying a house in Spain valued at 800,000 euros, and I am in need of some legal advice regarding transferring money from my dad’s bank account in France to mine in Spain. I have been informed that if a parent gifts more than 100,000 euros to a child, the transfer needs to be notarized, and there are tax implications associated with it.
I would like to gather more information on the best way to navigate this situation without facing hefty taxes. Any insights or experiences shared would be greatly appreciated!
Thanks in advance.
## How AI Legalese Decoder Can Help
If you are looking for guidance and clarity on the legal implications of transferring funds from your dad’s bank account to yours for the house purchase in Spain, AI Legalese Decoder can assist you in understanding the complex legal jargon and tax implications involved in such transactions. By using its advanced algorithms, AI Legalese Decoder can provide you with detailed insights and recommendations on how to proceed with the fund transfer while minimizing tax liabilities. This innovative tool can analyze the legal requirements specific to your situation and help you make informed decisions to avoid any unexpected financial burdens. With AI Legalese Decoder by your side, you can confidently navigate the legal complexities of transferring funds for your house purchase in Spain.
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****** just grabbed a
Spain will tax you. You can either be upfront and pay your dues or try to make multiple, smaller transfers and gamble on a very vindictive authority not noticing.
Won’t you use some lawyer for the purchase? Wouldn’t be best to ask him instead?
In Spain you’ll need to pay a “transmision de patrimonio” tax. The amount depends on where you are resident because it changes, and by a lot, for each region
Can you open a bank account in France? Then your father can transfer the money there. From there, you can transfer the money to Spain.
At the very least, you would be keeping the tricky transfer between father and son under one jurisdiction.
Do it in instalments.
What’s your tax residence?
Have you thought of changing it for a few 3 months to the better country?
You know that you can open a bank account in any EU country regardless of your residence, right? What matters is the tax residence.
Where are you and your father tax resident?
Transfer over bitcoins. Now sure if it wins anyhow but you cam check on that.
Additionally there are banks like Patriot that by fact do not transfer , legally they dudect at one place and give you money at another place. So by Law money does not go over the border.
Spain Mas different canton with rules.
Ideally get an advisor, they will tell you how to do that.
Propose this options to them also
So if you open Patriot here and there and start multiple transfers that will do the magic.