Spanish Property

As boards does not 'do' advice what follows is just some musings after some shiraz:

1: in spain there is no CAT exemption for transfer of assets between spouses.

2: The CAT thresholds are crappy low.

3: If u can borrow money to buy the property and have a mortgage registered in Spain on the property, the CAT is on the excess of the OMV over the mortgage at date of CAT transfer: ie death of one spouse.

4: Get a good lawyer first: there are loads of properties for sale down there with loads of scams/conmen/women etc so be ultra careful.

5: Be careful who u chose to bank with, some of the x border fees are hugh for cheques/drafts

6: make a Spanish will to ring fence ur spanish assets.

Now where is that bottle:)