We have been resident in Spain for over 3 years, are both in our late 50s and intend to stay here for the rest of our lives (hopefully a very long time). We have no children, the house is in our joint names, and both our spanish wills leave everything to each other. We keep hearing different stories about what we will pay in inheritiance tax as the wife / husband of the deceased. Please can you clarify what would be taxed and offer any guidance as to ways of ensuring we wouldn´t pay any more inheritance tax than we absolutely have to? Thank you in advance.
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Inheritance Tax - resident married couple
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Originally posted by audreytoms View PostWe have been resident in Spain for over 3 years, are both in our late 50s and intend to stay here for the rest of our lives (hopefully a very long time). We have no children, the house is in our joint names, and both our spanish wills leave everything to each other. We keep hearing different stories about what we will pay in inheritiance tax as the wife / husband of the deceased. Please can you clarify what would be taxed and offer any guidance as to ways of ensuring we wouldn´t pay any more inheritance tax than we absolutely have to? Thank you in advance.
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