IMPORTANT ANNOUNCEMENT

You may be aware of this already, but it’s something many people who own property in Spain don’t know.

 

It’s about the taxes payable when an owner of property in Spain passes away.

 

If you have ever wondered about the details of inheritance tax, it’s simply this:

 

Your hard earned legacy may have to be sold off to pay crippling tax bills when you pass away?

 

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’ve worked so hard to own, and not be forced to sell it to cover onerous tax demands.

 

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...

 

 

Your husband or wife will not be exempt from Spanish Inheritance Tax.

 

 

It's a sobering thought, isn't it?

 

So, while it's not something we like to dwell on can I ask you…

 

 

 

"Have you considered what will happen to your dream of leaving something of value to your children when you depart this world"?

 

The harsh reality is that your gift could become a financial burden that your loved ones simply can't pay off.

 

 

How much debt? - When you take into account Spanish death duties, inheritance tax, legal, agency fees and 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!

 

"Most estates will be hit with as much as a 40% tax charge unless steps are taken..."
Joe Howard - Senior Partner of Howard Mathews LLoyd Accountants UK  

 

 

What is the difference between Death Duties in the UK and IHT in Spain?

 

In the United Kingdom, it is the estate of the deceased that is subject to taxation. In Spain however, it is the individuals who inherit that are taxed. 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.

 

With that in mind, may I ask a final, pointed question?

 

"You know what happens if you don't plan, so are you happy right now with what you have done about it"?

 

I'm sorry if that question seems blunt, but we need to be realistic and take direct action to stop our hard earned money from being grabbed by the tax man.

 

But what action can you take today to protect the property you worked so hard to own, in the future?

 

The good news is that you CAN take a positive step, and do it right now!

 

Up until now, there have been very few legal strategies to side step Spanish Inheritance taxes.

 

Now there is a simple way to organise your property and keep the money out of the tax man's pocket.

 

This is how it works; ...

 

 Introducing: The Wincham Investments Inheritance Tax Protection Strategy

 

To protect your property and ensure your loved ones will inherit it without incurring Spanish IHT we have teamed up with Wincham Investments Ltd a United Kingdom company established in 1994 to help people just like you minimize their tax liabilities.

 

• You can shield your children 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 in Spain.

 

• 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 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 - Legal Advisor Spain

 

 

Exactly how is this Spanish Inheritance tax protection created?

 

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. Each owner becomes a Director of the company.