who can give me accurate advice on Spanish Inheritance Tax?
I own property in Spain and am British. I am informed that taxation on my death could be 42% of the asset for my beneficiaries to pay to keep my property. I am told that there is a company called Intelligent Inheritance Tax Planning that has a legal workaround. Anybody heard of them?
Taxation best answer:
Answer by Politically Correct
Please don't rely on a company recommended to you. You will just get picked off. There is only one way to do this and that is to read up and understand Spanish tax law yourself and make an action plan. Then by all means engage a professional to carry it out for you.
In the age of the internet you have absolutely no excuse.
Start here http://belegal.com/wordpress/eu-pulls-the-stops-and-vows-to-put-and-end-to-inheritance-taxation-discrimination-on-non-resident-beneficiaries-inheriting-in-spain/
You will see that the current rules are under review so it may be worth waiting for a year or two.
Bear in mind that even if you sort out the Spanish end, if you are a British domiciliary, your Spanish property will be part of your estate for British inheritance tax purposes so you may be just exchanging one tax liability for another.
Taxation
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