Inheritance Tax

Hi,

Does anyone know the reality of the Spanish tax system when it comes to inheritance?

I understand it can be a bit of a nightmare & different to the UK insofar as a property does not default to a surviving partner when the other dies without a large tax bill. Also anyone inheriting a Spanish property can end up with a massive tax bill too.

I have read that forming a limited company, and listing the house as an asset is one way of legally avoiding this assault on your hard earned & as `directors` you would be able to aportion ownership as required to your kids, or whoever.

Obviously I`m not sure about this & wondererd if anyone kows the score...

\cheers,

Roger & Stella

www.sanjuanvilla.com

Roger

I am aware that there are different rules in Spain regarding inheritances. My solicitor tried to explain them to me recently but I wasn't really listening as I had just received the keys!!

I am meeting him on Thursday and I'll ask again so if we meet up Saturday or whenever in Pepas I'll try to have an answer.

See you at the weekend hopefully

Sean and Margot

Thanks for that Sean...see you Saturday....all being well....

Roger

Hi S, M & R, S

We Shall not be there on Sat but if poss keep us in the loop regarding inheritance tax, we all need to be well informed on all aspects of the whole spanish tax system. New rules seem to be added as each year goes by, think they could do with Gordon Brown over there Ha!!!!!!!!!. Enjoy San Juan, lucky people.