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Lynne 2626 wrote on Wed Jan 20, 2021 9:41pm:
Sorry we got this advice yesterday from our tax accountant here in Spain.
Can’t thank you enough for this up to date information. I can only trust that this remains law forever.
Posted: Wed Jan 20, 2021 9:48pm
Super helpful member
Posted: Wed Jan 20, 2021 9:58pm
Helpful member
Daftjock wrote on Wed Jan 20, 2021 9:29pm:
Terry again very useful info, you seem to have a better understanding of how it works than I have, despite also having read up on it 😕 Do you know if the tax free allowance is solely on property owned in Spain or would the fact that we will also have our property in the UK be counted also? Pro...
Read more...
...bably confused myself even more by reading up on it, lol.
Hi,
Cant believe you’ll have to pay inheritance tax in spain for something in the uk.
I think HMRC would be joining the party at this point.
I think you need to have 2 wills, one for the uk and the other Spanish.
I believe the Spanish will only needs to revert to the English one and your away...
You die, the abagado opens the spanish will, which says refer to English will and that’s that.
kr
Terry
Posted: Wed Jan 20, 2021 10:00pm
Helpful member
Grannyrose wrote on Wed Jan 20, 2021 8:49pm:
Is it possible that now that the U.K. is no longer part of the EU, will Spain bring this tax back again? I imagine that they will and that would be bad news.
Rose,
It was the EU that made Spain stop this tax.....
Terry
Posted: Wed Jan 20, 2021 10:08pm
Super helpful member
Yes BUT we are no longer part of the EU. They can do whatever they want.
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