Brief background. My father has property long term in Costa Blanca,Spain. Now mainly rented short term as none of us ( 3 siblings) really like spending time in area, and he is losing interest in travel. He wealthy, all of us comfortable. He currently selling assets, land etc but would like me to take this apartment. He'd still use occasionally, so wants keep in family but doesn't want paperwork hassle anymore ( has reliable rental agent), and refuses own unused property.
Rental income reliable May to October, though I don't need income- well covers itself. I've no problem including value in my inheritance tax allowance
So Tldr 2 questions ( I've googled but no clear answer)
1.Could we transfer property without standard 10-15% value spanish fees?
2. I'd be tax resident Ireland, but with NIE and registered as tourist letting with Communidad. Could I just pay tax on rental income in Spain?
Thanks in advance
Rental income reliable May to October, though I don't need income- well covers itself. I've no problem including value in my inheritance tax allowance
So Tldr 2 questions ( I've googled but no clear answer)
1.Could we transfer property without standard 10-15% value spanish fees?
2. I'd be tax resident Ireland, but with NIE and registered as tourist letting with Communidad. Could I just pay tax on rental income in Spain?
Thanks in advance
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