In Spain it is a standard practice to apply the law of a person’s nationality to any wills made with regard to their Spanish assets.
However, this does not mean that inheritance tax is also determined in this way. Spanish inheritance tax must be paid in Spain if the estate of the deceased include any Spanish assets.
It is therefore important to understand how these laws operate as they can have a serious economic impact on a family’s wealth.
This can be important where for example a beneficiary wishes to sell an asset. In order to do so, the beneficiary will need to demonstrate proof of payment of due taxes before being able to pass good title.