Inheritance in Spain Archivos

What happens if an inheritance in Spain is rejected

4 January, 2024FirmalexInheritance in Spain, Latest posts, Legal consultancy, Taxes in Spain

Although receiving an inheritance can be a very positive thing, in other cases it is not so positive. In these cases it might be a better idea to reject it, but… is this possible? Is it possible to reject an inheritance? Yes, it is possible to reject an inheritance. It can be done by one...

The 650 model

3 November, 2023FirmalexInheritance in Spain, Latest posts, Tax consultancy, Taxes in Spain

A model closely related to the issue of inheritances, successions or the collection of amounts for life insurance contracts is model 650. Both residents and non-residents will have to present it, as long as they meet the requirements and within the established deadlines. What is model 650 Form 650 is the individual self-assessment of Inheritance...

Expenses to face when accepting an inheritance in Spain

7 July, 2023FirmalexInheritance in Spain, Latest posts, Legal consultancy, Tax consultancy, Taxes in Spain

There are certain expenses to face when accepting an inheritance in Spain. Therefore, before accepting it, it is important to know the procedure and the costs involved. Acceptance of inheritance Acceptance of an inheritance is the act by which the beneficiary or beneficiaries of the deceased’s estate demonstrate their willingness to accept it . For...

Differences between heirs and legatees

16 June, 2023FirmalexInheritance in Spain, Latest posts, Legal consultancy

The differences between heirs and legatees are many, although sometimes it can be difficult to distinguish between these two figures when a death occurs with an inheritance. What is an heir An heir is a person who has been designated to replace the deceased in ownership of the rights, assets and obligations, that is, he...

Inheritance Tax in Spain for foreigners: model 650

19 May, 2023FirmalexInheritance in Spain, Latest posts, Tax consultancy, Taxes in Spain

Among the taxes on non-residents, one of the most common is the Inheritance and Gift Tax. When there are inheritances with non-residents, it is important to know all the details of the Inheritance Tax in Spain for foreigners. Who has the obligation to present it? heirs, legatees or beneficiaries of life insurance who are not...

How to claim an international inheritance in Spain

21 April, 2023FirmalexInheritance in Spain, Latest posts, Legal consultancy

It may happen that it is necessary to claim the inheritance of a non-resident in Spain so that the assets that the deceased had become the property of the heirs. We are going to analyze all aspects related to international heritage in countries of the European Union. How to process the inheritance of a foreigner...

State discounts on Inheritance Tax for non-residents in Spain

24 March, 2023FirmalexInheritance in Spain, Latest posts, Tax consultancy, Taxes in Spain

When the state regulations on Inheritance Tax are applied, allowances and reductions must be taken into account when certain requirements are met. Who does the Inheritance Tax apply to? The Inheritance Tax is applicable to non-resident individuals in Spain who receive an inheritance or a donation, who must self-assess this Tax at the Tax Agency....

How the inheritance received by non-residents in Spain is taxed

24 February, 2023FirmalexInheritance in Spain, Latest posts, Tax consultancy, Taxes in Spain

When goods or income are received through an inheritance, they are obliged to pay taxes. This situation also applies to non-residents in certain cases. When is the inheritance of a non-resident taxed in Spain? The situations in which a person who does not reside in Spanish territory but pays taxes in Spain for the inheritance...

Accepting or refusing an inheritance as a foreigner in Spain

27 January, 2023FirmalexInheritance in Spain, Latest posts, Legal consultancy

Accepting or rejecting an inheritance as a foreigner is a relatively frequent occurrence and it is useful to have all the information related to inheritance rights and formalities for non-residents. Inheritance rights Every person who receives an inheritance has the right to accept or reject it regardless of the place of residence at the time...

Inheritance tax rebates for non-residents in Spain by regions

16 December, 2022FirmalexInheritance in Spain, Latest posts, Tax consultancy, Taxes in Spain

Inheritance tax is a tax directly related to inheritance and donations and is payable by both residents and non-residents of Spain. When is it compulsory to file Inheritance Tax for non-residents? When a non-resident individual receives an inheritance or donation in Spain, he/she is obliged to self-assess the Inheritance and Gift Tax at the Tax...

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