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Tax implications for co-ownership
In 2005, four individuas bought an apartment in Spain, my mother, my father, my partner and myself (not married). The mortgage is now paid off. My mother wants to gift her 25% share to my 3 other siblings and my partner wants to sell his 25% share to the same 3 siblings. We are all in agreement with this. Can you please tell me what is the mos tax efficient way of dealing with the above?
We are non residents.
Last edited by benny; 07-08-2011 at 09:53 AM.
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