For a long time, we have aired our belief that the Spanish Inheritance Tax and also the Gift Tax are both unfair and completely discriminatory, not only against European Citizens Non Tax Resident in Spain, but also tax residents, as depending where you live, in Alicante or in Murcia, in Madrid or Barcelona, your tax […]
Inheritance and Gift Tax Planning. Death Duties-Taxes. IHT/I.H.T.
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From now in the Valencian Community, we will need to pay more pay more taxes for purchases (Transfer Tax), and succession and gifts (Inheritance and Gift Tax).
Dear Readers, Unfortunately and in line with the last years, the taxes in the Valencian Community, that means the provinces of Alicante, Valencia and Castellon, have been raised again. Thus, from this 6th August 6, 2013 came into force the Decree Law 4/2013, of the 2nd of August, which has modified several taxes transferred to […]
SPANISH INHERITANCE TAX LAW. INHERITANCE AND SUCCESSION IN SPAIN: THE HABITUAL OR MAIN RESIDENCE REDUCTION.
Consultation: Dear Sir, My mother, who lived in Javea (Alicante) passed away recently, and my sister and I, will inherit her Spanish house. The value of the property is high and as we are Non Tax Residents in Spain (we live in England), we have been informed that we will need to pay a huge […]