Transferring property ownership

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    • February 21, 2023 at 8:57 pm #250157
      cipriano
      Participant

      My wife and I are UK citizens living in the UK. In 2013 we bought a flat in Barcelona registered in our joint names. Mindful of  our inheritance tax planning, we are considering transferring ownership of the flat to our daughter. I would be interested to know what potential taxes, fees etc might be incurred.  Our daughter is a UK citizen with Spanish residency. She has lived in the flat since we purchased it. My wife and I have made both UK and Spanish wills.

      Any advice would be greatly appreciated.

    • March 1, 2023 at 9:11 pm #250360
      Mark Stücklin
      Keymaster

      That’s a complicated one. Cross-border taxation, tax treaties, etc. You’ll have to consult a specialist tax lawyer. But I think you’ll find that the tax rate in Catalonia for this sort of thing is quite attractive.

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