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Hello all,

I have a few questions regarding the new inheritance & gift tax rules for a person originally from UK but now a fiscal resident living in Andalucia.

1. Inheritance from a UK trust where the settlor of the trust is a step-father - not exempt?

2. Inheritance from mother who lives in UK - exempt up to €1 million?

3a. A gift of £60,000 from mother who lives in UK - exempt up to €1 million?
3b. Can these funds be kept in either UK or Spain?
3c. After the initial gift exemption, would this amount be liable to Spanish tax in future years or would it always be exempt (as long as a gift deed was signed before a Spanish notary)?

4. Are there are plans for these beneficial exemptions to be changed in the near future?

Thanks for any advice/comments.
 
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