Spanish property query
#1
Thread Starter
Just Joined
Joined: Sep 2021
Posts: 4

I'm a forum newbie so go gently please if I say or do something wrong!
I have a family member, who lives in the UK, who has a self-built property in Spain which is currently used as a holiday home. As he is getting on a bit and has told us he will be leaving us the property (sorry to be so blunt), he has suggested that me and my partner look into the best way to be able to arrange ownership.
He has never organised residency or citizenship for himself and I don't think he has any plans to do so, unless there is an easy route for retired people to achieve this. He seems to think there is a straightforward way for us to get either resident or citizenship status but that's not what I can see from doing some research.
If I have read things correctly, it appears that Spanish inheritance tax rates are pretty high (the property is over 500k euros) so leaving it as part of his estate doesn't look like a sensible option?
I have no idea how property ownership works in Spain. Would it make sense for us to be added to ownership deeds(?) now to remove the risk of being clobbered with inheritance tax?
Although we wouldn't be looking to do it yet, it is certainly somewhere we would be happy to retire to in the future, maybe within 10 years or so.
Any advice would be greatly appreciated and I apologise in advance if I've posted incorrectly or asked anything I shouldn'tme have.
Thank You
I have a family member, who lives in the UK, who has a self-built property in Spain which is currently used as a holiday home. As he is getting on a bit and has told us he will be leaving us the property (sorry to be so blunt), he has suggested that me and my partner look into the best way to be able to arrange ownership.
He has never organised residency or citizenship for himself and I don't think he has any plans to do so, unless there is an easy route for retired people to achieve this. He seems to think there is a straightforward way for us to get either resident or citizenship status but that's not what I can see from doing some research.
If I have read things correctly, it appears that Spanish inheritance tax rates are pretty high (the property is over 500k euros) so leaving it as part of his estate doesn't look like a sensible option?
I have no idea how property ownership works in Spain. Would it make sense for us to be added to ownership deeds(?) now to remove the risk of being clobbered with inheritance tax?
Although we wouldn't be looking to do it yet, it is certainly somewhere we would be happy to retire to in the future, maybe within 10 years or so.
Any advice would be greatly appreciated and I apologise in advance if I've posted incorrectly or asked anything I shouldn'tme have.
Thank You
#3
#6
#10
Thread Starter
Just Joined
Joined: Sep 2021
Posts: 4

The owner is my girlfriends uncle. Just to confirm, we’re not expecting him to “pop his clogs’ anytime soon, he’s only 66, but he is adamant we research the most sensible options.
#11
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Joined: Jan 2020
Posts: 660











#12
Sorry Fred, not being awkward but what's the difference then? "1€ million allowance for succession tax AND for gift tax" - ??
Last edited by snikpoh; Sep 11th 2021 at 11:18 pm.
#14
The property is in Málaga and the IHT and gift tax allowances are very generous as I previously posted. In the last month these allowances have been extended to nieces and nephews, so there shoud be no tax payable either on inheritance or if the house is transferred as a gift.





