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Death duty  

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(@joetamaki)
New Member
Joined: 1 month ago
Posts: 1
17/07/2019 11:11 am  

Hi,

Looking for some basic guidelines, both my parents were living with me in New Zealand, my dad passed away in NZ, they have assets in madeira (apartment and some savings in the bank).

I realise that I will have to engage a lawyer in Madeira to sort this out but would like to know if anyone can tell me if their are any taxes applicable on the value of the estate (apartment and bank savings)?

My mum seems to think that we need to empty the bank account and hide it which all seems a little strange to me.

Thanks

 

Joe 


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(@mauricereed)
Member Moderator
Joined: 6 years ago
Posts: 68
17/07/2019 1:29 pm  

Hmmm, a topic that hasn't come up before.

Are you on Facebook? If so, can I suggest you look for the "Madeira Active" group and join it. There are people there who may have some answers.


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