Spanish Inheritance Tax: How much is it?
Hi I am resident in Spain and last year was left a share in my mothers house, this was sold and the solictor acting for the family sent my share to my bank in Spain in July 2012. No tax was liable in the Uk . My question is how much tax must l pay in Spain as my family in the uk paid none but l am under the impression as l am resident in Spain l am liable for Tax here. Also do l declare it next year?
Spanish Inheritance Tax: How much is it?
Hi there, I have just made a Spainish Will making my Sister the sole beneficary. I am a Spanish Resident living in Mallorca some 10 years now, I am divorced (UK)and have no children. I am receiving conflicting information re the inheritance tax my sister will have to pay should she sell my property after my death. She lives in the UK. Can you please resolve this confilicating information. Also should my sister die before me then my property will go to her two children who also live in the uk. Can you please advise what they would have to pay to receive my property. They are both adults. thridly, would it be better if I sold my property to my sister prior to my death and if so what would she have to do and pay. Many thanks.
PS: I have read lots of your helpful reviews here and it is so refreshing to get some staid answers. Mo Jean Buttivant.
Spanish Inheritance Tax: How much is it?
PS to my note above.
My property let say it is worth 200,000 euros which may help for the sliding scale that my sister or my niece and nephew may have to pay in inheritance tax. Also would any of the above relatives have to pay a tax in the UK as they are all residents there ? Thank you. Mo jean
Spanish Inheritance Tax: How much is it?
Hi I am just asking for advice about inheritance tax as my dad died in January & as far as we know left a Spanish will leaving everything to me. What sort of inheritance tax would I pay on an apartment worth approx £60,000? I am a little confused by it all. Thank you
Spanish Inheritance Tax: How much is it?
Hi My husband inherited a property in Spain from his mother, both are french, his mother left the property to both himself and his sister in equal parts and the use of the property to her partner at the time they were not married. They are no longer liable for tax as she died more than 5 years ago. but his sister is refusing to validate the will and the property is falling into disrepair as neither she or his mothers partner have the funds to pay the yealry taxes or the upkeep of the house and is is empty, we have paid some monies for work that needs to be done and local taxes. Can we force his sister to sign the will, or what will happen to the property as no one has lived in it since his mother died.
many thanks
Spanish Inheritance Tax: How much is it?
Hi my mum and dad own a house in Murcia. Sadly my mum has passed away suddenly with out writing a Spanish will. My parents were not married and own a property in England and have a English will for that property. What will happen to the Spanish property now? Thank you