Jaime Vives

Director (Spain)

Wincham Consultants Limited

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By Jaime Vives - Wed 13th Nov 2013

 

Tumbit Approved Partner

Spanish Inheritance Tax can be a very misleading subject due to the varying advice and "solutions" spoken about in Spain. Wincham have been assisting clients since 1994 to successfully and legally protect their loved ones from the huge burden that is 'Spanish IHT'.

Many property owners in Spain are sitting on a ticking Inheritance Tax (IHT/ISD) time bomb unaware that when they purchase their "dream" property they are creating a potential financial burden for their beneficiaries. The surviving partner, or beneficiaries, may have a tax bill which exceeds the value of the entire Spanish asset being inherited plus the cost of obtaining probate in more than one country.

Our solution to the IHT/ISD problem in Spain is for the owner/s to invest their property into a UK Private Limited company which they would own as Shareholder/s remaining in complete control of their asset. (There is no 7-10% Property Transfer tax payable on this transaction). There are many taxation benefits when investing a property into your own UK Limited Company; in addition the ownership of the company can be structured to suit beneficiaries needs in a way that is simply not possible under Spanish Law.

During November we will be hosting a 3 day event in and around Murcia & The Costa Calida, offering complimentary one-to-one appointments with our Consultants, giving you the opportunity to discuss your individual circumstances and take away your free, no obligation personalised Spanish Inheritance Tax illustration.

Dates & Venues

* Wednesday November 27th : Prince Felipe Hotel, La Manga

* Thursday November 28th : Hotel La Cumbre, Mazarron

* Friday November 29th : Hotel La Zenia :: Orhihuela

Spaces are limited, so please contact us by clicking on the link below to make your appointment !