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Inheritance Tax
red_debs
Posts: 34 Forumite
in Cutting tax
Hi I wonder if anyone can advise - my parents live in Spain and have taken Spanish Residency. They have wills but are they covered under Spanish or UK Inheritance Tax laws?
Regards
red_debs
Regards
red_debs
0
Comments
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It depends mainly on where their assets are located, not on where they live. So potentially both.0
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There home is in Spain which is their main asset although they have savings in UK as well.
Regards0 -
My father has a holiday property in Spain and also has residencia status over there even though he spends most of his time living in the UK.
As I recall, the advice he was given was to have seperate wills drawn up under Spanish & English law for the Spanish & English assets.0
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