Spanish Inheritance Tax.
How To Avoid Your Beneficiaries
Having To Pay.
Spanish Inheritance Tax represents a serious financial penalty to Spanish property owners whether resident or non resident. You may be aware of this already, but it's something many people are not aware of, it's about the taxes payable when an owner of a property in Spain passes away. If you have ever wondered about the details of inheritance tax in Spain, it's simply this: The tax assessed is payable within six months of death. The inheritance tax payable is the liability of the inheritor and cannot be taken from the deceased estate. Therefore, where a property is inherited, the property itself cannot be used as collateral security to provide a loan, nor can it be sold until the tax is paid. If the tax remains unpaid after six months, additional interest and fees become payable.
Spanish Inheritance tax, death duties, legal fees - up to 40%.. So, right now, can you be absolutely sure that those you leave behind will have the money to cover those costs? Of course we would all prefer our children and grandchildren to enjoy the property we have worked so hard to own, and not be forced to sell it to cover onerous tax demands. "Most estates will be hit with as much as a 40% tax charge unless steps are taken..."
Joe Howard - Senior Partner of Howard Matthew's Lloyd Accountants UK Equally as worrying, did you know that in the UK system of IHT, a husband or wife is usually an exempt beneficiary, but in the Spanish system...a husband or wife may not be exempt from Spanish Inheritance Tax. So, would you be interested in a simple, cost effective way to minimise tax liability, reduce paperwork to almost nothing, and have a stress free way to pass on your estate in Spain to your next of kin? Now there is a simple way to organise your property and keep the money out of the tax man's pocket.
You can shield your beneficiaries from those crippling debts through a simple, legal tax shelter that means it remains in the family, free of burdens like Inheritance taxes, death duties and legal fees. No taxes or lengthy Spanish Will probate, no Spanish and UK legal fees... no being forced to sell. You will maintain full control at all times. You can rent it, sell it, raise funds on it, just the same as you can right now. Your new structure is guaranteed safe and effective in transforming a potential tax bill of 40% - 50% of your asset value, to just a few percent now, and a little in the future. "...There will be...NO liabilities. NO fees, NO legal costs"
Maria L. de Castro - Lawyer & Director of Spanish Law Firm Costa Luz If you own property in Spain of any value, you should seriously consider restructuring your asset to protect it in the future. How is this Spanish Inheritance tax protection created? Wincham Investments Ltd is a United Kingdom company established in 1993 to help people just like you to remove any potential liability to inheritance taxation on property located in Spain. They help you to avoid the tangled, complicated mess Spanish probate laws and taxes can become, by forming a UK Company: The owners of the property form a UK Limited Liability company, in which ownership passes into the hands of the company and each owner becomes a Director of the company.
"With current legislation and tax laws there is an opportunity for considerable taxation savings by purchasing new overseas property under the umbrella of a UK limited company"
Joe Howard; Senior Partner - Howard Matthew's Lloyd, UK Accountants The first thing to do is request a free proposal, personalised to reflect your tax liabilities right now, and the benefits of restructuring under the Wincham plan. A case Manager at Wincham will work out the figures for you with no obligation. If you decide to move forward and plan your inheritance using this simple system, they will tell you the way it will happen, what you need to do, how to divide the shares up, & what it will cost. To get your free personal proposal, all you need to do is fill in the form and they will send it to you immediately by post, fax or e-mail, whichever you prefer.
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