Do you want to know how your beneficiaries can pay little or NO inheritance taxes or legal costs when inheriting your Spanish assets?

TIBC SL based in Las Galletas, Tenerife can calculate how much your beneficiaries will have to pay within 6 months in order to receive their inheritance from you.

Here's a real case scenario for you:

Mrs Head (ficticious name) has the following Spanish assets:

Villa worth €275000

Apartment worth €65000

Car worth €8000

Average balance in bank €5000

Shares of €9002

No mortgage or other debts

The tax applied to their son, Michael, to inherit their assets was €59,501.17

The funds required in order to cover the legal costs of inheriting his mothers' assets was €13,363.65

The tax implied to receive the inheritance policy was €17,697.38

The total cost which needed to be paid within 6 months in order for Michael to receive his mother's inheritance (including funeral cost) was €90,562.20

LUCKILY, for 8 years, Mrs Head had paid around €600 annually and Michael had NO legal fees to pay; NO inheritance tax to pay. And NO funeral care costs.

If you would like more information on what exactly is involved in covering your beneficiaries from having to pay Inheritance Tax and legal costs, read our page about Inheritance Tax and Legal Costs Insurance in the Canary Islands or get in touch with Tenerife International Business Centre SL for a free, no obligation quote.

Tenerife International Business Centre are exclusive providers of Liberty Seguros Insurance throughout the Canary Islands.

Liberty Seguros DGSFP: CO467B38345369

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