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Plus Valia tax
Does Plus Valia Tax have to be paid in addition to Inheritance tax when, as a result of a will, it is transferred and not sold ?
I have just been asked by my lawyer to pay E4500 on top of E500 already paid for Plus Valia Tax. I have no idea how it is calculated - can this be checked
My Husband died in 2006 and left his 50% of the property in Puerto Banus equally to our 3 children. The value at the time of death was approx E300,000 on an original purchase price of approx E100,000.
Regards Jacky
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