Inheritance tax

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03 Jul 2018 12:34 PM by eddie69 Star rating. 44 posts Send private message

Thanks for all your replies. This has complicated things with Brexit looming. We'll have to try and work out what's best - a crystal ball would be handy!





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03 Jul 2018 12:44 PM by mariedav Star rating in Ciudad Quesada. 1219 posts Send private message

Kavanagh

This was thanks to a sentence of the European Court of Justice that made it illegal for Spain to charge residents in any European country more than Spanish nationals. The sentence does not stop Spain from charging more inheritance tax to non European Union citizens.

When Brexit take place non-residents of Spain that are residents in Britain that inherit a property in Spain will not be entitled to claim any of the exemptions that are offered by each autonomous region of Spain which represent the major part of the exemptions and have a huge effect on inheritance tax. Presently these exemptions allow many close family members (spouse and descendants to not pay any inheritance tax in Spain)

Looks like that is out of date now. 





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03 Jul 2018 2:17 PM by Kavanagh Star rating in Oil Drum Lane Newcas.... 1311 posts Send private message

Kavanagh´s avatar

Yes it might be out of date if what the supreme Court declares has in fact enforced a change in the law, But this is Spain, has it? Would you invest all your money in a ‘’should’’?

''the Judge­ment by the Span­ish Su­preme Court de­clares now that non-EEA and EEA cit­izens should be taxed the same, so the­or­et­ic­ally from now, non-EU res­id­ents re­ceiv­ing an in­her­it­ance or gift in Spain, should also get the tax breaks.''

Who actually makes the laws in Spain, the Supreme Court or the Government?

 


This message was last edited by Kavanagh on 03/07/2018.

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04 Jul 2018 12:58 AM by lobin Star rating. 256 posts Send private message

Who actually makes the laws in Spain, the Supreme Court or the Government?

Actually, neither of them. The Spanish Congress makes the laws. The Courts interpret them, the Government enforces them.  





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04 Jul 2018 1:40 AM by Roberto Star rating in Torremolinos. 4551 posts Send private message

Roberto´s avatar

The Spanish Congress makes the laws. The Courts interpret them, the Government enforces them. Or doesn't. Depends. If the law suits the government, probably, when it gets round to it; if it doesn't, probably not, at least until forced to by the courts. And then you have to consider the autonomous regions (mis)interpreting things differently. Would I invest all my money in a "should"? See my avatar!



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