spanish will/inheritance tax

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02 Mar 2007 00:00 by mariadecastro Star rating in Algeciras (Cadiz). 8583 posts Send private message

mariadecastro´s avatar

Convinient to have a spanish will.

Convinient to have spanish residency for some tax benefits. Take into account that legally, all your patrimony ( even the UK assets) will accrue the Inheritance taxes here in Spain, but the substantive  inheritance rules ( LAw) will always be the one of your nationality.

Art 6 of Inheritance Tax:

1.- TAx payers with residency in Spain will be obligued to pay the Inheritance tax in Spain, regardless  where the assets or rights are.





Maria L. de Castro, JD, MA



El blog de Maria

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26 Aug 2009 11:26 by Sunjoy Star rating. 2 posts Send private message

What happens if someone cannot pay inheritence tax.

I have a friend who has remarried. She has two children (from 1st marriage) and her husband has two from his 1st marriage. They have  a villa in joint names.

If her husband dies before her what happens to the property if his children(30 &32) are unable to pay the inheritence tax as they have no savings nor any way of getting any money.


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