Spanish inheritance tax paid by UK citizens

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10 Dec 2009 00:00 by nicolaraho Star rating in Surrey and Mar Menor.... 90 posts Send private message

does anyone know about owning a Spanish residential property within a UK limited company?

My accountants have informed me that if you put the Spanish property into a UK company you will avoid paying Spanish interitance tax. As the Spanish inheritance tax is against the indivdual it takes account of no NIL rate bands, as in the UK. If it is within a UK company, it will be included as part of one's estate in the UK and the nil rate band for UK inheritance tas will apply - hence the benefit of the first £xxx being devoid of Inheritance tax.

In addition, by doing this you also avoid the 'notional' tax applied to properties in Spain held by peopel lioving in the UK.

Has anyone come across this or had similar advice?



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Nicola www.completeluxury.net



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11 Dec 2009 00:24 by dringman Star rating in www.Condadoexcursion.... 773 posts Send private message

dringman´s avatar

check www.affairsinorderspain.com  or link below / my wincham link Leave a UK land line number and I can call you

 

David



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tel +441212881323   +34 622714979




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17 Dec 2009 11:07 by degato34 Star rating in West Yorkshire (God'.... 33 posts Send private message

I too would like to hear from someone who has set up a limited company to avoid Spanish inheritance taxes. Particularly from some one who has probated an estate using this system and done it successfully. John





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17 Dec 2009 16:11 by John Wolfendale Star rating in Granada. 54 posts Send private message

I too am very interested in following this discussion.



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17 Dec 2009 16:56 by fultond Star rating in Haywards Heath & Tor.... 242 posts Send private message

Me too!



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17 Dec 2009 17:25 by Patty_1 Star rating in Hertfordshire. UK. .... 1062 posts Send private message

  Yes I would be interested in this and the cost involved to set up.

Pat



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17 Dec 2009 18:21 by taraleisure Star rating in Holmfirth. 294 posts Send private message


Worth reading.

http://www.taxationweb.co.uk/forum/spanish-property-uk-ltd-llp-company-t26195.html



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17 Dec 2009 22:36 by dringman Star rating in www.Condadoexcursion.... 773 posts Send private message

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If you use my wincham link on www.affairsinorderspain.com you can get an illustration on Spanish IHT and all information is disclosed on illustration. Leave your contact details on request so I can clarify any points before producing illustration. Use email link for any questions

 

thanks

David



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  www.condadoexcursions.com   Airport Transfers Day Trips Alhama de Murcia Taxi No 10  
tel +441212881323   +34 622714979




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