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 knows the score...
\cheers,
Roger & Stella
www.sanjuanvilla.com
This message was last edited by roger on 16/02/2010.