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Tax on a property transfer / Sale -v- inheritance tax

Tax on a property transfer / Sale -v- inheritance tax

Old Jun 6th 2019, 10:16 pm
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Default Tax on a property transfer / Sale -v- inheritance tax

Just looking to pick some brains around the tax implications of a transfer / sale of my mother’s current home in Tenerife to me versus inheritance tax when the property eventually passes down to me.

The property is worth c €300k and she has owned it outright since 1995. The property will pass to me in the event of her death.

We we are just weighing up either transferring the property to me or me purchasing it and both of us incurring the costs and tax involved or leaving it to the mercy of inheritance tax.

To to add that I am a non resident Spanish tax payer and already own a small property value sub €200k.

Any thoughts or experiences appreciated.

Thanks.
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Old Jun 7th 2019, 1:22 pm
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Default Re: Tax on a property transfer / Sale -v- inheritance tax

Worth reading carefully :

https://www.volawyers.com/how-the-re...ll-affect-you/
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Old Jun 7th 2019, 1:50 pm
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Default Re: Tax on a property transfer / Sale -v- inheritance tax

Originally Posted by Loafing Along View Post
interesting thanks !!
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