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Inheritance in Spain with a non-resident or foreigner: How is inheritance tax calculated?

Firmalex > Inheritance in Spain > Inheritance in Spain with a non-resident or foreigner: How is inheritance tax calculated?

This article is part of our guide Inheritance in Spain with a non-resident, expat or foreigner which you will find in our Inheritance in Spain section.

The procedure includes different calculations based on state and autonomous community regulations.

However, in simplified terms, the calculations to be made can be summarised as follows:

  • Gross estate, consisting of the real value of the assets and rights.
  • Net inherited estate, which is the result of subtracting the deductible charges, debts and expenses from the above.
  • Individual inheritance portion, dividing the net estate by the number of heirs and what corresponds to each one according to the will or inheritance law.
  • Taxable base, adding the life insurance, if any, to the inherited portion.
  • Liquid base, applying the reductions to the taxable base according to the Autonomous Regions. For example, they may include reductions for kinship, disabilities, type of assets, among others.
  • Full tax liability, applying the rate or percentage of the tax to the taxable base. The state regulation establishes that the rate can range from 7.65% to 34% of the net tax base. As it is a progressive tax, the more you inherit, the more you have to pay.
  • Tax rate, which is the result of applying the multiplier coefficient to the total tax rate. It varies according to the increase in wealth and the family group.
  • Total to be paid, applying to the tax liability the deductions and allowances determined by each Autonomous Region. For example, the Community of Madrid establishes a rebate of 99% for group 2.

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