Spanish Inheritance Tax: How much is it?
I wonder if you can help. My great aunt passed away in December naming myself, my brothers and three cousins in her spanish will. The estate consists of an apartment. Can you give me an indication of what costs we may be liable for upfront? Do we have to pay all the costs before the inheritance?
Spanish Inheritance Tax: How much is it?
Sorry I should mention that my great aunt was married to my great uncle who was our blood relative but died about 8 years ago. Also we are all resident in the UK. Thanks
Spanish Inheritance Tax: How much is it?
Is there any way to find out if someone is a qualified lawyer in Spain. My father passed away last year and his legal reprasentative does not seem able to tell us how much our IHT will be! All she says is that it is worked out in Madrid.
Spanish Inheritance Tax: How much is it?
Please can you confirm what figure Spanish Inheritance Tax is is paid. Is it the market value of the property or the Valor Cadastral?
Many thanks
Spanish Inheritance Tax: How much is it?
We are residents of spain, we own our house in joint names, we are not married. We have made a joint spanish will. If the male dies we assume the house will pass to the female and vis a versa. How does inheritence tax work for an unmarried couple. Do we have to get a letter from one of the male children for the female partner to stay in the house. Would it be better financially to marry.
Spanish Inheritance Tax: How much is it?
Thank you Patricia for your response and coming back to me so quickly. This information has been very helpful. Would I be correct in thinking that in the event of one co-owners death if the remaining co-owner wished to move house/had to financially move to a smaller property, would only be able to take 50% of the price of the property, the remaining 50% would go at that time to the children/inheritors or do the children/inheritors only inherit on the deather of both co-owners? Could either co-owner after the death of the other co-owner change the will regarding the children/inheritors. Regards Liz