property ownership

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30 Apr 2017 15:22 by peterbaz Star rating. 9 posts Send private message

hi folks ive been given varying views on property ownership , ,,,,,

my partner and i plan to settle in spain we plan to marry before we move my question is what happens if (when ) one of us dies ? we're being told different views some are saying that the government take a chunk of your assets property ect ect .... your views please thanks





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30 Apr 2017 15:50 by johnzx Star rating in Spain. 5118 posts Send private message

Peter. I just sent you a PM.  It was a copy of a PM I had sent to someone else so is rather personalised, so let me know if you need another angle covered

 


This message was last edited by johnzx on 30/04/2017.



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30 Apr 2017 16:05 by mariedav Star rating in Ciudad Quesada. 951 posts Send private message

Not being able to see Johnzx PM, it would rather depend on which part of Spain you are moving to. Spain is made up of autonomous regions and they don't have the same rules on inheritance tax (unless you're non resident in which case the national rules will apply). As a resident, these taxes vary considerably. From virtually nothing in some places to 25% or more on half the remaining assets. Check carefully on the rules in each autonomous region if you are worried about this.

 





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30 Apr 2017 18:30 by Tadd1966 Star rating in Los Montesinos. 1757 posts Send private message

Peter

In general terms the surviving spouse will have to pay inheritance tax on whatever they inherit from the deceased spouse unlike the UK.

As mariedav says it does vary from region to region.

As always seek professional advice to get an accurate picture of your own personal circumstances



_______________________
“The greatest enemy of knowledge is not ignorance; it is the illusion of knowledge”



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30 Apr 2017 21:19 by peterbaz Star rating. 9 posts Send private message

Hi Mariedav, Tadd 1966 and John... thank you very much for your response, much appreciated xx





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