Will they pay inheritance tax?

By David Searl Wednesday, 27 September 2017 18:34 0
Q.

I am confused by the Spanish law on inheritance tax. I have a property in Almeria but I am not resident. I have a Spanish will which leaves my property to my son and my daughter equally. They both live in the UK. Will they have to pay some high rate of inheritance tax that will leave them in debt?

S W (Costa del Sol)


A.

Your property is in Andalucia, so we should not speak of Spanish law but of Andalucian law, because each of Spain’s 17 Autonomous Regions has its own rules. Further, many of the Regions changed their rules in 2015 after the European Court of Justice ruled that the previous national law violated the equal rights of non-residents who are EU citizens. In your case, the Andalucian inheritance law applies. Your son and daughter, also EU citizens, each have an exemption of €175,000. If your property is valued at under €350,000, this means they will pay no tax at all. After Brexit, when your heirs are no longer EU citizens, they will face a tax bill of around €65,000 on a property worth €350,000.


Send your questions for David Searl through lawyers Ubeda-Retana & Associates in Fuengirola at [email protected], or call 952 667 090.

Comments (0)

There are no comments posted here yet

Leave your comments

Posting comment as a guest. Sign up or login to your account.
0 Characters
Attachments (0 / 3)
Share Your Location

Poll of the Week

Should Spain introduce payments for the return of plastic bottles in the war against environmental pollution?

Create Opinion and Comment Alert

Do you want to be the first to receive our latest Columnists Opinion & Comment? Subscribe here.

Latest Tweets

After the news that France will introduce fines for wolf whistling, should it be banned in Spain as well?
#EasyJet flight from Spain forced to make #emergency landing in UK https://t.co/zYAhk6x5LR
Duke and Duchess of #Cambridge expecting third child in April #baby https://t.co/WOyZ2V5vuG
Follow Euro Weekly News on Twitter

Post Gallery

Airport strike threat in Spain called off after  unions reach deal ‘in principle’

Costa de Almeria 05– 11 October 2017 Issue 1683

WATCH: Fundraising appeal for mother and son  cancer sufferers in southern Spain

Police issue warning after thefts from British expats on Costa Blanca

Buzz off! Tiger mosquitoes spreading on Costa del Sol

Ryanair announce MASSIVE flight cancellations on routes to Spain due to French air traffic control strike

Police swoop on Marbella FC as 11 arrested in €30 million Russian mafia sting

Catalan independence: Major banks and businesses move out of Barcelona