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Spanish Inheritance Tax: Advantages of Making a Will in Spain
My husband and I are pensioners, our only house is in Spain, Andalucia - it's approximate value is 120k euros. We have a spanish will passing the property to one another (mirror will)- if I die it goes to my husband and vice versa. We live on basic uk pension and have no savings, the house does not have a mortgage on it. Do we have to pay IHT? We are residents - but I believe not fiscal residents (not sure of the difference). Any help would be appreciated. I am 65 and my husband 70.
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