14 Feb 2008 8:11 PM:

I am thinking France now. No IHT between spouses now . Tax rates for the retired look better too, Trouble is i would have to learn le Francais, Argentina would be another option

Thread: Spanish Inheritance Tax

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14 Feb 2008 7:45 PM:

I google all the time but its often much quicker to hope for a reply from someone who already knows about the subject matter and is well familiar with appropriate websites Thanks anyway. Anyway having read that link my conclusion is that not only is the Spanish system horrendously complex but unfair too. Why tax the spouse? This line particularly alarmed me : "An individual resident in Spain is liable (by way of obligación personal) to ISD on receipts by him of assets (etc) sited anywhere in the world." Assuming our assets amounted to( in n the UK and Spain), say, 800.000 Euros then the spouse would be liable to 50% of that @25% making a grand total of E80k tax .Which would be almost as much as we would have paid for the property in the first place. Its becoming more and more unattractive. Unless I am misunderstanding something

Thread: Spanish Inheritance Tax

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14 Feb 2008 6:53 PM:

Por favor can someone please tell me what the IHT rate is? my wife and `i are thinking about buying an appartment there . We shall have assets in the UK as well so it would also be good to know in which country we would be liable for IHT We intend to spend some time in the UK some in Spain and some just travelling around. Presumably the likes of CGT, IHT and income tax would be liable in the country of our main residence. Muchas gracias.Ustedes son muy amable

Thread: Spanish Inheritance Tax

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14 Feb 2008 3:33 PM:

Thanks

Thread: Hi I am new in here

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14 Feb 2008 3:13 PM:

thanks for that. I'll certainly buy those books . Buying /owning property abroad is certainly not without its hassle. Some have ended up feeling very bitter.The large cities are prohibitively expensive. I thought maybe to buy near one and let to Spanish couples as somewhere they can commute to work from but then it would have to be in a reasonably pleasant location as well.Mmm, so much food for thought.


This message was last edited by donmaico on 2/14/2008.
Thread: Hi I am new in here

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