INHERITANCE TAX AND CAPITAL GAINS TAX

try http://www.spain-info.co.uk/Spanish-Inheritance-Tax.htm

Thanks I will send them an email!

When it comes to Tax then Residents of Spain are Taxed by their Region like Murcia or Valencia, for example, but non Residents of Spain are Taxed by the central Tax office in Madrid. Even if the deceased of a property is Resident of Spain and the Benefisheries are not then the Benefisheris still have to pay Inheritance Tax to Madrid not the Region where the property is located. This is the case whether the property is on mainland Spain or the Canaries or Balearic's and irrelevant of Nationality unless Spanish.

Hi Spanish IHT, Thank you very much for the info! Correct me if I am wrong my children who are resident in the UK will need to pay IHT! is there any loopholes where we can reduce this cost? Kind regards