I’ve recently inherited half of my great uncle’s estate. He lived with his boyfriend for 30 years and when my uncle died, two years ago, the estate went to the boyfirend. Now the boyfriend has passed away and the estate has been dvivided between the boyfriend’s neice and me. I’ve spoken to the neice, through an interpretor, and she reckons that the death duties will come to around 3,000 euros. I’ve done a bit of research and I can’t see how she came up with such a low figure. The estate consists of a three bedroom house in Alicante, some land, the contents of the house and about 1000 euros in a couple of bank accounts. Now if we assume for arguments sake that the estate is worth 200,000 euros then the death duties would be about 35,000 euros. She wants me to come over to Spain in July to sign the relevant paperwork. I’ve asked her if she could get the house and contents valued but she’s been avoiding the issue. I don’t see how I can sign anything when we don’t know how much the state is worth. Surely you have to know the value of the state before you can calculate the death dutioes? Also my uncle had quite a few antigues, mainly porcelain figures, and the neice has said that there aren’t any antique dealers in Alicante so it will be difficult to sell them or get a valuation. Is this correct?
Any help you can give me would be greatly appreciated.