Inheritance Tax Favourite This topic contains 0 replies, has 1 voice, and was last updated by Colin Wilkinson 9 months, 2 weeks ago. Author PostsApril 11, 2016 at 5:32 pm #190446 Colin WilkinsonParticipantDear RaymundoMy wife and I own a property worth approx. e 130,000 in EsteponaAre we correct in thinking that the new tax rules mean our IHT would be almost nil. We have made a Spanish will where our daughter (31yrs) is the beneficiary and we need to add our son to this.What is meant by Pre existing wealth ? Does this mean the existing wealth of beneficiaries or us. many thanksColinAuthor Posts You must be logged in to reply to this topic.