20 Jun 2013 10:02 AM:

John - many thanks for explaining it all to me.  I now understand completely.

Pinot

Thread: Inheritance Tax for non-residents

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19 Jun 2013 9:55 AM:

Maria:

Many thanks for your prompt reply.  The value of the shares - is this linked into the value of the property?  Obviously we are all aware that property values have fallen drastically in Spain and throughout Europe.

We were told initially that as long as we all made Spanish wills and the property was in all three names, no inheritance tax would be incurred.  Obviously this has changed but thank you so much for your reply which is most helpful.

Pinot

Thread: Inheritance Tax for non-residents

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18 Jun 2013 4:05 PM:

My property in Spain is in the name of myself and my two sons.  Should I die would they not be the owners of the property as it is in both their names???

Some guidance on this would be much appreciated.  We also have Spanish wills drawn up to leave the property to the survivors.

Pinot

Thread: Inheritance Tax for non-residents

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26 Jan 2011 11:28 AM:

Mary - many thanks for coming back to me.  You could be right and it doesn't apply to non-residents.  Will now try and check up on this.

I loved your comment about owning nothing and living on the kids!!   You could have a good point there. 

Pinot

Thread: Spanish Wills

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26 Jan 2011 11:15 AM:

Mary - Now I am completely "gob-smacked"!

When my two sons and I made our Spanish wills we were assured by Aldea Advisors that we had to have a separate will in Spain to just deal with our Spanish property.  I obviously have a will in the UK to cover my assets over here.  We also met with the Notary to sign our Spanish wills and, again, no mention was made about one will for the UK and Spain!  The person dealing with our wills spoke perfect English.

I am so sorry about your experience with your parents' property - you never know what to exopect these days!!

Is there anyone out there who can clear this matter up for us?  I really feel it would be better to sell up in Spain which would  certainly solve the problem!

Iberdrola: Can anyone throw some light on how they charge for electricity?  Despite my property being empty for the past two months I have received bills in the sum of 192:66 Euros!!!  Really need to get over there and clear this up with them.  We thought electricity was expensive in the UK - the Spanish seem to be raking it in!!

Pinot

 

Thread: Spanish Wills

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