Quote Originally Posted by ana View Post
My mother is aged and fragile and now lives with me in the UK. She has an apartment in Madrid and would like to trasfer it to me. Please advice how we can achieve this and what the cost and tax implications would be.
Hello Ana, you can either receive the property by means of a purchase sale agreement, which attracts transfer (and capital gains) taxes, or via a gift agreement. Both entail significant taxes, with a minimum of 10% in the first option and far more in the second option. A purchase sale however can be challenged where no price is paid, as the transaction would be legally flawed.

A third option is to transfer the property to a company, of which you become the sole director and thus control it. At a later stage you may wish to transfer the shares, under certain tax conditions. This is the cheapest option, by far, to have control of the property.