Ways on How to Avoid Inheritance Tax on Spanish Property
Hi, have just found out that my uncle passed away and has left us a property in Madrid. (there are four nieces and nephews and all live in Australia). I need to know the process involved in acquiring the property and if we do not wish to sell how can we reduce the inheritance tax.
Thanks
Ways on How to Avoid Inheritance Tax on Spanish Property
Thank-you for the article, it made interesting reading. Could you clarify for me whether the value of property is related to market value or escritura....if market value, who decides this? Thank-you.
Ways on How to Avoid Inheritance Tax on Spanish Property
What would the Tax position be if I transferred ownership of my apartment to my two children ? I am living in Mijas Costa.
Ways on How to Avoid Inheritance Tax on Spanish Property
I have been resident in Spain (Andalucia) for 6 years, my daughter is also a resident but she is currently working in the UK. I have made a Spanish will leaving her my property. I would like to know if I should set up a UK company to avoid IHT or not. The 1% charge could add up each year and if the IHT for my daughter is not too high would it be more advisable not to set up the company, I'm a little confused.