Spanish Property Owner?

Did you know, your hard earned legacy may have to be sold off to pay crippling tax bills when you pass away?

When you take into account Spanish death duties, inheritance tax, legal and agency fees, accounting fees in both Spain and the UK, and other 'incidentals'....certainly 40%, but maybe as much as 50% of the value of your property!

When a property is in the joint names of a couple, on the death of one partner the surviving spouse must pay inheritance tax on the value of the half he or she inherits. This means that if you don't plan ahead, and start now, the cold fact is that a huge chunk of your wife or children's inheritance will go in taxes.

Now there is a simple way to structure the ownership of your property and keep your money out of the tax mans pocket...

You can shield your children from those crippling debts through a simple, legal tax shelter that means it remains in the family, free from burdens like Inheritance taxes, death duties and legal fees.

You can build a solid wall of defense so that when the time comes, a simple declaration moves the ownership from you, to your loved ones.

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.

You have the control to divide the property between beneficiaries in a much simpler format than normal Spanish Wills allow.

You can change the ownership percentages, without additional legal costs.

Your new structure is a safe and effective way to transform a potential tax bill of 40%- 50% of your asset value, to just a few percent now, and a little in the future.

In order to do this, you need to form a UK limited company. The owner of the property forms a UK Limited Liability company, in which ownership of the property passes into the hands of the company. In this way when he or she passes away, the company will be reorganized, that means it will only be necessary to transfer some company shares, which falls outside Spanish inheritance tax.

By transferring ownership of the property from you (your personal name) into a United Kingdom Limited company, you stay in absolute control of the shares of that company, and you have the final say in who owns those shares. Therefore - Inheritance tax never becomes an issue, because on your passing, the company still remains the owner of the asset, it's just the shares in the company that will change hands when the time comes.