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Find the latest news and information on how I.P.A Ltd has grown over time.
If you have property in Spain, whether resident or non-resident, you are exposed to the very draconian Spanish inheritance tax rules.
As a broad comparison with the UK rules, please compare the following.
UK: No IHT charged between spouses if both UK domiciled
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Spain: No spouse relief (If property disposed of within 10 years or spouse is non Spanish resident)
UK: First £270,000 zero rated
Spain: No zero rated band except in extremely limited circumstances and then only up to approximately £11,000
UK: Extra £55,000 for non domiciled spouse
Spain: No non domiciled spouse relief
UK: 7 Year transfer rule
Spain: No 7 year rule
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