Spanish Inheritance Tax: Advantages of Making a Will in Spain
Oct 2012. Does this all hold true? It is very reassuring. But I think our Spanish will leaves half of deceased's estate (house value) to non resident spouse and remaining half divided between three non resident children over 18. No mortgage. House cost 400,000 now worth 250,000. Andalucia.
What would inheriting spouse pay? Should we change will?
Spanish Inheritance Tax: Advantages of Making a Will in Spain
Thank you for your informative article.
My wife and I jointly own an apartment in Andalucia (valor catastral 317,000 euros). We have made Spanish wills but are not Spanish residents, our main home being in the UK.
We want our two children (both over 21) ultimately to inherit.
We expect there to be a Spanish IHT issue.
Both our wills currently leave the deceased's half share split equally three ways between the surviving spouse and the two children.
Is this the most tax efficient way? or should we simply both leave our share equally between the two children?
Will there be a UK IHT tax issue on the childrens inheritance in addition?
Spanish Inheritance Tax: Advantages of Making a Will in Spain
Hi, My Father is a non resident spanish home owner and he wishes to start making arrangements in his will to leave his spanish property to his wife (not my mother) and eventually to me.
I have a sibling that is not to inherit this property and my father wants to make everything as clear and easy for everyone as he can.
What is the best way to safeguard the property for his wife, and then myself?
And what inheritance tax burden are we likely to be liable for. The property is 3-400k Euros. The property is located in Andalucia.
Spanish Inheritance Tax: Advantages of Making a Will in Spain
We bought an apartment in javea alicante in 2004. We are non residents living in the UK. We have two sons over 21 years of age! The apartment is worth approximately 300,000 euros. Could you tell me what inheritance tax would we have to pay if either my wife or myself died. Also if we both die what tax would our two sons have to pay? Also as my wife and myself are retired and considering moving to Spain would that alter the inheritance tax situation. Thank you