Reply To: Inheritance tax for Alicante

#188308

Hello Steve

You are right in saying you are a Class III inheritor and will, therefore, pay ISDS at the highest rate on your inheritance and, unfortunately, it could well be as much as the solicitor acting in your stepfather’s estate has calculated. I would suggest you request a written breakdown of the tax calculation from the solicitor and ask him about the allowance you have found in your research if it has not been applied.

It is possible to apply for an extension of the six month period which will usually be granted. Interest is still payable on the outstanding tax but you do not get surcharged.

Best wishes

John Collier