Hello Gillian,
This query cannot be replied as a general answer as there are various factors to be considered; If the will was made in Spain or abroad; nationality and marital status of the...
Type: Posts; User: Patricia
Hello Gillian,
This query cannot be replied as a general answer as there are various factors to be considered; If the will was made in Spain or abroad; nationality and marital status of the...
Hello Kelly,
You will be liable for the corresponding IHT on the property you are inheriting in Spain.
The final figure depends on many variables, such as the particular province where the...
Hello Dawn,
It is certainly true that you have to make payment of the due IHT before you inherit that amount. I am unable to confirm if the amount you have been quoted is correct as I would...
Hello Ofelia,
You mention that you have Spanish nationality, residing in the US. However, as you are an American resident and all your assets are in the USA, we recommend you to ask an American...
Hello Thelma,
In order to give an exact answer, we would need to know under which conditions the inheritance in Spain was accepted so you had the property transferred into your name. If you...
Hello Sarah,
Welcome to the belegal forum.
Being a non resident heir, the amount of the inheritance tax to be paid will depend on the value of the inherited property and if there is a mortgage...
Dear Frank,
Apologies for this late reply.
There are many aspects to be considered in reference to IHT to be paid after the demise of one of the spouses. If the spouse that inherits has fiscal...
Dear Sir,
In Spain, when an individual inherits property, the inheritance tax applicable must be paid by the inheritor/s according to their share in the inheritance, being there many...
Hello Rachael,
I am very sorry that your mother is suffering from these hard times.
In the event that the mortgage has not been paid accordingly, the bank can start a mortgage execution...
Hello Liz,
Sorry for the late reply. In order to answer your question and confirm that the 50% of the value of property would be inherited by the children/inheritors upon sale, you need to check...
Dear Sir/Madam,
Welcome to our forum.
There are no differences between married or unmarried if you have a property in joint names. In response to your specific quesiton, the female would not...