Information on Spanish inheritance tax
Hi guys, could someone let us know about the inheritance tax when buying property in Spain when we retire next year and set up home . Many tha
Hi guys, could someone let us know about the inheritance tax when buying property in Spain when we retire next year and set up home . Many tha
Posted: Sat Mar 16, 2019 1:05pm
Super helpful member
There is no inhertance tax when buying a property, Instaed, a purchase tax is due (+/-10% on th purchase price). Inhertance issues depend on (too) many variables as to be considered in detail here.
Posted: Sat Mar 16, 2019 4:44pm
Legendary helpful member
As Killjoy says, there are a lot of variables, plus the dreaded Brexit might rear it's head.
At the moment the Valencian tax free allowance for a married couple is very generous. Post Brexit, in a worst case scenario, the allowance might be the state figure which, last time I noticed it, was less than €16K.
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