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Showing posts from 2024

Sunshine, Seaside, and Financial Incentives: Property Investments Surge on the Costa del Sol Following Wealth Tax Elimination

Property investment on the Costa del Sol has grown increasingly appealing in 2024, largely attributed to its enhanced tax benefits for expatriates. One key development is the elimination of the wealth tax, which was formerly imposed on individuals with global assets over €700,000, affecting both residents and non-residents. This change has opened doors for affluent individuals considering buying properties and possibly settling in the region. This transformation is pivotal for potential investors, particularly when coupled with the area's array of tax incentives. These benefits include low inheritance or gift taxes, favourable rates for investment income and capital gains taxes ranging between 19% to 26%, and advantageous treatment of private pensions as investment income. Moreover, modifications to the Model 720 form, mandatory for declaring foreign assets over €50,000, have enhanced clarity and eased worries about hefty fines. Previously, non-compliance or errors in filing could

"Marbella Mosaic: Sports Triumphs, Healthcare Hurdles, and Cultural Flourishes on the Sunny Costa del Sol"

Marbella and its surrounding areas have been bustling with events, developments, and notable incidents in recent weeks, reflecting the dynamic nature of this popular Costa del Sol destination. Sports enthusiasts had something to cheer about as FC Marbella showcased their prowess with a 3-0 victory over C├írtama, thanks to a stunning second-half performance. This local football action underscores the region's vibrant sports scene, which continues to draw attention and support from locals and visitors alike. The area's commitment to health and wellness was highlighted by the offer of high-quality, affordable hair transplants for less than €3,000 in Spanish clinics, demonstrating the Costa del Sol's growing reputation as a hub for medical tourism. However, the healthcare system faced challenges, as reports emerged of patients enduring over a year-long waits for surgery at a Marbella hospital, raising concerns about healthcare accessibility. Marbella's cultural landscape is