Spanish Inheritance Tax: Advantages of Making a Will in Spain
my father is a third share owner of a villa privatly owned in cancelada one owner has now died two weeks ago they all made spanish wills but the owner that died didn't make a uk will what is the proceedure now there was an agreement between the owners and it was written in the wills that if one owner died the share automatically goes to the remaining owners the info i have been reading it seems it doen't matter what the will said so does it mean that his son will now inherit his share automatically regardlessof twhat his spanish will said the proprty is currentlu up for sale what now happens when it is sold
Spanish Inheritance Tax: Advantages of Making a Will in Spain
Hello My partner and I are not married. We have a mirrored spanish will. We are residents. We have padron. Our property in Murcia is worth €300,000. Should we marry, we are residents (should we be fiscal residents). Do we hve to complete a tax return. Our pensions and saving are held in the UK. Regards Linda
Spanish Inheritance Tax: Advantages of Making a Will in Spain
Advise please. Me and my husband bought a Casa in the Valencia region just over 10 years ago. We own it in joint names with a small mortgage. We have a Spanish and UK will but need to change both and want to leave each other our half share and on the death of the last to survive we want to leave the Casa jointly between our child and 3 grandchildren. Is this the most sensible thing to do? The Casa is only worth 150,000 euros now. Also should we sell the Casa prior to any death how much would we have to pay in tax? We are non resident in Spain. Many thanks
Spanish Inheritance Tax: Advantages of Making a Will in Spain
Well done with this forum, most infomative.
I have clients who own property in Alecantea,and have assets in the UK in excess of the UK Nil rate bands.
Without wishing to get bogged down with numbers, and in consideration of UK IHT and world wide assets,if any Spanish Iht had been settled, do you know what the position would be in the UK regarding the inclusion or otherwise of the Spanish property for Uk estate Totals?
Spanish Inheritance Tax: Advantages of Making a Will in Spain
Dear Sir,
My husband recently inherited 50% of a property in La Nucia, alicante, the other 50% belongs to his wife who remains in the property having the use of it until she passes. We have paid the inheritance tax at great finincial difficulty as we are not able to recoup until the propert is sold but now we are being told we also have to pay capital gains tax. Please advise as we are very concerned that we will have to go into more debt to do this.
Kind regards Zanna