INHERITANCE TAX

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    • June 30, 2005 at 2:02 pm #51151
      Anonymous
      Participant

      Can anyone explain this tax to me (I am planning on buying a property jointly with my partner) and is there any way to avoid it?

    • July 1, 2005 at 8:53 am #58451
      Anonymous
      Participant

      It’s a bit complicated. You will need to consult a tax advisor – you could try blevinsfranks.com. Basically you pay inheritance tax if the property is in Spain, or the deceased is tax resident in Spain. But there are lots of exemptions. Tax rates vary according to circumstances. Only way round IHT to my knowledge is to own through an offshore company, but that has other costs and some risks.

      Mark

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