Hi all, the best way to avoid Spanish Inheritance tax is to set up a UK limited company. The advantages of doing this are numerous. Firstly, when you do pass away, under a UK limited company, there is ZERO tax for the beneficiaries to pay, you simply transfer the shares in the company, it means that there is no need to deal with any Spanish tax, or any Spanish lawyers accountants etc.. plus you don't have to pay any legal fees. Another advantage is that Capital Gains Tax is halved, should you want to return to the UK.