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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.

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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