The Spanish Property Inheritance Tax Time Bomb
Did you know your Spanish property cannot be sold to pay tax bills when you pass away? Unlike in the UK, under the Spanish Inheritance Tax system husband or wife may not be exempt from Inheritance Tax. The harsh reality is that your gift could become a fi nancial burden that your loved ones simply cannot pay off.
HOW MUCH? Spanish Inheritance Tax where applicable can be anything from 7.65% to over 34% but it may be as high as 82%.
• Inheritance Tax in the United Kingdom is levied against the estate of the deceased but in Spain it is the individual benefi ciaries who inherit, that are taxed.
• Spousal exemption in Spain for non-domiciled or non-resident people is low, only around €16,000 • When a property is in the joint names of a couple, on the death of one partner, the surviving spouse or partner may pay Inheritance Tax on the value of the half he or she inherits.
• Property and personal bank accounts in Spain may be frozen until all the taxes are paid.
OUR SOLUTION The Wincham Inheritance Tax protection strategy could shield your family and benefi ciaries from crip- pling debts through a simple legal tax shelter that removes burdens like Spanish Inheritance taxes, Spanish legal fees and lengthy Spanish Wills and probate procedures. If you own property in Spain or are about to purchase a property in Spain then you should seriously consider structuring your asset to protect it in the future. Our unique service is available to all Nationalities including both Residents and Non Residents of Spain and can be completed within 2 to 4 weeks.
INTERESTED? The fi rst thing to do is request a free illustration, personalised to refl ect your potential tax liabilities in Spain, and the potential of restructuring under the Wincham plan. Wincham will work out the fi gures for you with no obligation if you visit our website
www.winchamiht.com or call our Head Offi ce in the UK or Spain for the illustration.
Wincham is an International organisation that has been established since 1994 helping clients purchase and own property in Spain using a UK Limited Company structure to legally avoid taxation in Spain.
Wincham Investments Limited Wincham House, Greenfi eld Farm Trading Estate, Congleton, Cheshire, CW12 4TR, England
Tel UK: +44 (0)1260 299 700 Tel Spain: 0034 965 830 991 Email:
iht.info@
wincham.com,Web:
www.winchamiht.com
Selling lifestyles in Turkey
Whether you are selling or searching for a property, renting a property or looking to rent, then look no further than Grupo Platinum as your one-stop shop for purchasing or renting that ‘dream property’ in Spain. We are here to help you through the buying process every step of the way.
• Spanish & UK mortgages • Equity release • Insurance of any kind • Taxation assistance
• Financial Planning • Investments or savings advice • Pension advice, planning, transfers, or release • Currency Exchange for any purpose, large payments or monthly transfers to anywhere in the world
AS MUCH AS 100% FINANCE AVAILABLE ON SELECTED PROPERTIES
Tel: +34 950 889 853 Direct: +34 666 687 251 Fax: +34 901 708 781 Email:
info@grupoplatinum.com Web:
www.grupoplatinum.com
Gateway to Africa
Laurel Property Development understands the dynamism of the property market in Africa and is well-placed to act for its clients by adding value at every stage.
Our expertise lies in property development and management, sales and purchase, and excellent customer service. We are proud to provide a gateway into Nigeria and the rest of Africa through our high-end products and services.
Take our word for it. Explore our opportunities today.
Grupo Platinum - the Spanish property and fi nance specialists
Tel: +234 803 5511 286, +234 803 7154 877 Email:
service@laurelpropertyltd.com Web:
www.laurelpropertyltd.com
www.derinandderin.com
Laurel Property Development Company Ltd. Plot 7, Iriebe/Eneka Airport Link Road, Igbo-Etche, P. O. Box 7605 Federal Secretariat, Port Harcourt, Rivers State, Nigeria.
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