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View Full Version : Inheritance Tax Rules



bilbo.s
02-23-2012, 07:55 PM
My wife and I are pensioners, tax resident in AndalucĂ*a for 5 years
Our 2 children are married and UK resident.

Our house here is fully paid up, we have some savings in a Spanish bank, but the bulk is in offshore accounts (Guernsey and Isle of Man).

How would our estate be taxed, if we both died leaving everything to our son & daughter ? Do we need a Scottish will to cover our offshore accounts ? Is it only our Spanish assets that would be taxed in Spain?