Retiring abroad won't dodge IHT

With around 75,000 UK pensioners currently living in Spain, the firm warns the subject of IHT should be given more consideration, as it says many British expatriates believe their assets will automatically be passed on to their spouse tax-free, or be disposed of in accordance with their wishes as outlined in their will. While many also assume they will automatically avoid the issue of IHT if they are living overseas, Bank of Scotland International says this is not the case as Spanish law dictates, with regards to British property owners, British law should be applied in the event of death....