Norwich Union launches Spanish IHT guide

The provider says the guide, 'Spanish Inheritance: A Little Known Problem for UK Residents', comes in response to adviser demand. It estimates 60,000 UK residents buy a property in Spain as a holiday home or permanent residence. “Whilst recent press has raised the issue of the conveyancing side of buying a property in Spain, many expats are unprepared for the intricacies of Spanish tax law,” NUIL says. The guide highlights differences in IHT law such as spousal exemption as in Spain all spouses must pay an IHT bill, unlike in the UK. Advisers can download the guide from NUI’s litera...