Quote:
Originally Posted by Xose
Hi Strav.
As with everything legal, there are many opinions amongst the "Professionals" let alone the non.
All I can say is that there seem to be one hell of a lot of preofessionals dealing on how to avoid Spanish Inheritance - including things like pre-inheritence, selling to the inheritors to be or even donation, all of which they will have to pay a Tax for but WAY more straight forward than inheritence.... and not to mention, the 6 month payment time limit for example, certain things are made much simpler.
Here's an example of why I, personally, wouldn't wait for a judges interpretation post inheritance challenges or some such and would get definitive answers from both UK and Spanish authorities.
15 Inheritance & Wills - Living In Spain
Xose |
Oh I know that, but thats because of the extremely high inheritence tax here, not because of the succession.
Everything I have read anywhere ... all legal advice I have received ..... even David Searles book iirc which is updated regularly, all claim that the UK will takes precedence.
It is true to say though that when the second spouse here dies and leaves to a non resident, the IHT can be absolutely horrendous!