Estate Planning for a Ukrainian Family with Assets in Spain

A Ukrainian family who owned property in Alicante wanted to understand the tax consequences of passing assets to their children. We explained that Spanish inheritance tax is regulated at the regional level and varies significantly depending on the autonomous community where the assets are located, and that non-residents from the EU/EEA (and, under certain conditions, other countries following court rulings) apply regional allowances on the same terms as residents. We prepared a comparative tax calculation across different ownership-structuring scenarios and drafted a will coordinated with Ukrainian succession law to avoid a conflict between the two jurisdictions.