Spanish Inheritance Tax: How much is it?
Hi,
I and my partner moved from uk and have lived here in Tenerife now for nearly five and a half years.We have a bungalow in our joint names and we also have two apartments in a holiday complex and have made wills in Tenerife....I wish to know, as I have read from a lady inquiring with you on this matter whether the surviving partner will be left with a huge IHT bill or whether you would say not as we are resident here and have been for over five years now and have the residencia paperwork stamped by the police department. We obviously pay all taxes we are liable for in Tenerife, but, would appreciate your comments on our situation and whether we need to make further arrangements to reduce any IHT bills and whether we need to contact you....
Spanish Inheritance Tax: How much is it?
I am very confused,
I lost my dad last year and mum this year, they both lived in spain, i am the only inheritor, they have a spanish will and i have taken all the documents ive found to the notory in spain,
What kind of percentage will i have to pay in taxes as they were residents for over 5 yrs but i am not, the house has still not sold as yet so will i need to find thousands of pounds to pay death duties?
I was told a certain tax law changed on june 1st 2011 is this correct?
Spanish Inheritance Tax: How much is it?
Hello, My house has been in my fathers name since 1988. He has made a spanish will leaving the house to myself & my husband. The catastral value is 83000 euros but the market value would be about 375000. My husband has been registered autonomo to this address since 1988 & we,ve been told this would make a difference re inheritance tax as its obvious its our primary residence. My husband is now in baja. Regards milly
Spanish Inheritance Tax: How much is it?
My partner died two years ago all taxes and debts have been paid by me and the villa is now in my name, the property still has a mortgage which is still in both names, my problem is that the mortgage still has over 3 years to run and I do not now have enough money to pay the monthly fee, I am contesting his UK will but probate has not yet been granted, so my question is:- as his name is still on the mortgage can I (or the Spanish bank) claim payment from the UK estate to pay the mortgage.
Spanish Inheritance Tax: How much is it?
My wife has just died, we are resident in England. We have a property in Tenerife. She has a Spanish will leaving the propery to me or my sons.
Her Spanish estate is worth less than 70,000 euros.
What are my next steps and what is the likely tax liability?
Thank you.
Spanish Inheritance Tax: How much is it?
Hi I wonder if you could assist me my father died in England in leaving an English will he did not have a Spanish will. He has a property in Spain that he half owned with my step mother. She is now trying to sell the property and inherit in full as per the English will. I understand that under Spanish Law, my fathers children inherit a percentage of the property. Can our step-mother legally sell the property and pocket the proceeds without our approval ??