QUESTION My parents owned a property in Denia, Alicante with the title shared at 50 per cent each and which has a value of about €200,000. They made wills naming each other as heirs and then me. My father passed away in Spain 10 years ago and my mother recently in March 2020. How should […]
Inheritance and Gift Tax Planning. Death Duties-Taxes. IHT/I.H.T.
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A de facto union of an unmarried couple can be defined as that sentimental relationship between two persons of legal age or two emancipated minors and is similar to marriage, in the sense that there is a marital coexistence and intention to remain, but the relationship has not been confirmed by complying with the legal […]
WITHIN the Spanish Inheritance and Donations (Gift) Tax there are some tax benefits or tax reductions depending on the specific characteristics of each inheritance. The best known are the kinship reductions, which allows for a reduction in the base rate of the tax and the amount depends upon the actual kinship between the deceased and […]