Inheritance Tax Favourite Spanish Property Insight › Forums › Spanish Property Forums › Property Questions & Answers › Inheritance Tax This topic contains 0 replies, has 1 voice, and was last updated by Colin Wilkinson 2 years, 3 months ago. Author Posts April 11, 2016 at 5:32 pm #190446 Colin WilkinsonParticipant Dear Raymundo My wife and I own a property worth approx. e 130,000 in Estepona Are 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 thanks Colin Author Posts You must be logged in to reply to this topic.