UK Inheritance Tax spanish tax advice Almeria Spain.  Help and information

UK Inheritance Tax spanish tax advice Almeria Spain. Help and information

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UK Inheritance Tax, Almeria Spanish Tax Advice 

UK Inheritance Tax

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This depends not o­n residence or ordinary residence but o­n domicile which is acquired at birth through the father and is retained through life unless a domicile of choice is acquired by:

Buying a house
Arranging to be buried there
Making a will there
Resigning from clubs in former country and joining o­nes in the new
Exercise political rights in the new country

An expatriate can be deemed domiciled in the UK if he/she was domiciled there within the last three years or was resident in the UK in 17 months out of  the last 2 tax years.

Even if domicile is proved abroad, Inheritance Tax will still be charged o­n the value of property in the UK.

Avoidance can be obtained by:

Exempt Transfers or Gifts between spouses which are valid without limit for the donorís lifetime
Potentially Exempt Transfers (PETS) becomes exempt if the donor dies within 7 years.

In the UK Inheritance tax is levied o­n the world-wide estate of persons deemed domiciled in Britain even if they are resident in Spain.

Whilst great care has been taken to maintain a high standard of accurate and reliable information Viva Almeria cannot accept liability for any errors or omission. Information supplied by FreshStart Advice Centre.

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