If you or your beneficiaries are British taxpayers  and you own property in Spain then you need to know how this tax will affect you. 

Making a Spanish will does not alleviate the problem, and many people are unaware that they are leaving behind a worrying liability for their loved ones, including their spouse.
Wincham has been operating in Spain since 1994 helping clients locate property and purchase using a method to remove taxation in Spain.  Since 2005 we have seen a significant increase in the number of people who are concerned about IHT in Spain.  Many property owners who left for Spain in the 70s and 80s are now looking to address the situation to protect their beneficiaries.  Wincham Consultants, who have offices located in the UK and Spain, specialise in tax planning for both residents and non residents of Spain.
Non-domiciled property owners in Spain are sitting on a ticking IHT time bomb.  Most owners do not understand that their heirs and their estate will pay IHT in two jurisdictions, Spain and their country of domicile. The reason for this is that in Spain the individual inheritor is taxed whereas in other countries, like the UK, it is the estate that is taxed.  This could mean that on the death of an owner the surviving partner, or the owner’s beneficiaries, could have a tax bill that virtually wipes out the entire Spanish inheritance.  Added to this is the cost of probate in both countries for the inheritors too. Most lawyers in Spain recommend to owners that having a Spanish will deals with the problem; this is incorrect, as a will only deals with the issue when there is a death and does not remove Taxation in Spain.
If you would like to find out more about the implications of the tax, what your own liability is likely to be and what legal steps you can take to avoid it then telephone 699 597 082 and make an appointment to meet Rachael Bayliss at the Paradise Park hotel in Los Cristianos between 10am and 4pm on March 23rd or 24th.  The consultation (which will include an illustration of your potential liability) is FREE and comes with no obligation. Please also visit www.wincha-miht.com