Spanish Inheritance Tax: Advantages of Making a Will in Spain

[Roy Maddick]

My daughter is a Spanish Resident living in Madrid.
She will inherit money when her Grandfather dies - will she need to declare this money and pay IHT?
Regards
Roy

[lawbird]

Dear Roy,

Yes, if her grandparents are in Spain, she will. However, bear in mind that depending on the amount being transferred she may qualify for a tax exemption.

Regards,