Spanish Inheritance Tax: How much is it?
Dear aflores
Thank you very much for your valuable advice. Please permit me one more question: When we are married, would any step-child be considered as if they were your own child? None of the children have been legally adopted. As mentioned before, the house is in Alicante district and we are non-resident at present. Thank you once again. Regards, Susanna.
Spanish Inheritance Tax: How much is it?
My husband and myself are thinking of buying a property and moving to Spain on a permanent basis. I have concerns about IHT due to be being a few years younger than myself I could be the surving spouse. We have no children so I would probably leave the property to my nieces and nephews who are blood related to my husband what category would they be appropiate for IHT.
Spanish Inheritance Tax: How much is it?
If I make a Power of Attorney over to my son, so can he sell my apartment after my demise, on the Costa del Sol without having to pay tax to take it over first. It's impossible that he could raise sufficient cash to pay the tax on the property.
Thanks a lot
Spanish Inheritance Tax: How much is it?
Dear Sir/Madam, my father passed away in December. He jointly owned an apartment in Mazarron with my mother. It was on he market before he died for 90,000 euros. Before we can sell it we obviously need to pay IHT. The beneficieries are my mother, myself and 2 siblings. I am extremley worried we cannot afford to pay inheritence tax as we have no savings whatsoever. (siblings are both at university and I am a single mother.) I dont even know how much it is? What would happen now? Can we just give up the apartment to the spanish state? It is not ideal but I am scared of us all owing huge amounts of money,
Thank you.
Spanish Inheritance Tax: How much is it?
Dear Sir/Madam,
I forgot to mention that my mother and father were not resident in spain.
Thanks again
Spanish Inheritance Tax: How much is it?
Thank you so much Raymundo for taking so much trouble with my query.
Maybe a POA would be helpful in the meantime, in case I degenerate slowly + cannot take care of my own affairs. Would a POA need to be made in Spain ? Thank you so much for your reply - I'm now going to read your articles.
Kind regards - Rosemary