inheritance tax Favourite Spanish Property Insight › Forums › Spanish Property Forums › Other Subjects › inheritance tax Tagged: Inheritance tax IHT, Tax This topic contains 2 replies, has 3 voices, and was last updated by Barbara Ingenbleek, Euro Economics 2 years, 7 months ago. Author Posts June 19, 2016 at 2:28 pm #191344 lenParticipant Hi can you tell me how the value of a property is assessed for inheritance tax purposes? Is it what you paid for it or is it the market value at the time of death? July 1, 2016 at 3:35 pm #191546 Mark StücklinKeymaster Hi Len, Sorry to take so long to respond to this question. I’ve been bogged down in the launch of a new look for this website, which has taken up a lot of time. I hope regulars notice the change and like it. Anyway, you’ll find the answer to your question at the start of Raymundo’s excellent guide (in two parts) to Inheritance Tax in Spain. Spanish Inheritance Tax (Part II) July 3, 2016 at 4:29 pm #191600 Barbara Ingenbleek, Euro EconomicsParticipant In the law is stated: market value. Author Posts The forum ‘Other Subjects’ is closed to new topics and replies.