Spanish Inheritance Tax: How much is it?
Dear Raymundo,
Thank you for your reassurance on this subject. I think, as you say, I have been reading too many scare stories on the internet! I had worried myself sick over this as my family does not have a huge amount of money. I am due to see a soliciter on Monday to organise the sale of the property. Many thanks once again.
Talia
Spanish Inheritance Tax: How much is it?
I have major concerns, I have been looking forward to moving to Spain and this might not happen due to reading the above. My heirs will not be blood related to me as they are siblings/nieces and nephews to my husband.Am I correct that they might have to pay 82% IHT.Is this common in Spain.
Spanish Inheritance Tax: How much is it?
Dear Lawbird Lawyer - Could you please explain the tax consequences of the following situation? My father - a Spanish citizen living in both the US and Spain - leaves in his will a securities portfolio of approximately $500,000 Euros and a piso in Madrid worth ~$500,000 Euros, additionally there is a small apartment near Valencia worth ~ 150,000 Euros. His 3 children are the only beneficiaries - he is divorced. What are the tax implications? How much would we owe individually or collectively? Thank you so much.
Spanish Inheritance Tax: How much is it?
Hi There,
My uncle died last month in alicante un fortunately he left no will.
he was divorced from his wife who lives in a nursing home in alicante, he had a 5 bedroom property the value I have no knowledge of but he left instructions that my aunt could if she so wished in the event of his passing live in the house untill her death.
this we are told would not be physically possible as she is 96 and cannot do anything for herself.
My uncle is survived by his three sisters who are all very elderly and are not familiar with spanish inheritance laws. would it be possible for you to give some basic guidence in what we should do and possible up front costs we would expect to incurr.
many thanks in anticipation of any help.
Andy
Spanish Inheritance Tax: How much is it?
You mentioned that there is a significant allowance if a spouse inherits (95-99%) so long as the spouse is "fiscally resident".
Can you tell me what this means and how you can determine whether you are or not.
Thanks