Property inheritance tax for non-residents
Feb 2nd 2022, 11:31 am
#1
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Property inheritance tax for non-residents
What is the threshold for for property inheritance tax for non-resident owners' dependents? What value starts attracting the tax? I'm sure someone knows. TIA.
Feb 2nd 2022, 3:43 pm
#2
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Re: Property inheritance tax for non-residents
Originally Posted by ValTay0607
What is the threshold for for property inheritance tax for non-resident owners' dependents? What value starts attracting the tax? I'm sure someone knows. TIA.
https://www.daviessolicitors.com/gui...lencia-region/
Feb 2nd 2022, 5:31 pm
#4
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Re: Property inheritance tax for non-residents
Only close relatives get the higher allowances. That of course covers children but be aware that step children are not considered to be relatives in any way and get minimum, if any, allowances and also pay 2x the usual tax. Sadly not a lot of people know that and it has the potential to create huge problems where second marriages are involved.
Feb 3rd 2022, 4:00 pm
#5
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Re: Property inheritance tax for non-residents
Originally Posted by Fred James
Only close relatives get the higher allowances. That of course covers children but be aware that step children are not considered to be relatives in any way and get minimum, if any, allowances and also pay 2x the usual tax. Sadly not a lot of people know that and it has the potential to create huge problems where second marriages are involved.
Feb 3rd 2022, 4:11 pm
#6
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Re: Property inheritance tax for non-residents
Originally Posted by Yorick
That's very interesting. I'm leaving my half of our villa to my nephew. Will it be better to leave it to my brother on his behalf ?
Feb 4th 2022, 8:07 am
#7
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Re: Property inheritance tax for non-residents
Originally Posted by Lynn R
It wouldn't make any difference as siblings and nephews/nieces are all classed as Group III relatives for the purposes of Spanish inheritance tax.
