Inheritance in Spain Archivos - Page 3 of 6

Differences in inheritance if you do not reside in Spain

24 May, 2024FirmalexInheritance in Spain, Latest posts, Legal consultancy

The issue of inheritances can be somewhat complicated and have different aspects depending on the place of residence. That is why it is important to know the applicable regulations and how taxes related to inheritance work. Applicable regulations When a death occurs, the assets owned by the person who died become their heirs, provided they...

Errors related to inheritance

17 May, 2024FirmalexInheritance in Spain, Latest posts, Legal consultancy, Tax consultancy

Inheritance is one of the topics that most people don’t think about. For this reason, errors related to inheritance are often made. These errors can be resolved in most cases by having sufficient information or by relying on specialized professionals. Not being aware of the deadlines set for paying inheritance taxes Although at the time...

Most common problems with inheritances in Spain

10 May, 2024FirmalexInheritance in Spain, Latest posts, Legal consultancy

When someone passes away, we often find ourselves not only dealing with an irreplaceable loss but also navigating through a world of bureaucracy and other matters of which we have little knowledge. When it comes to inheritances, there are some common problems that arise in many of these processes. Legitimate heirs It may happen that...

What is legitimate inheritance and when does it apply?

3 May, 2024FirmalexInheritance in Spain, Latest posts, Legal consultancy

When we talk about inheritance, it can be somewhat complicated, especially if the amount to be transferred after death is very high. Therefore, it is important to know what legitimate inheritance is and when it applies. What is legitimate inheritance? The legitimate inheritance is the part of the inheritance that the testator cannot freely dispose...

Deadline for payment of taxes derived from inheritance

26 April, 2024FirmalexInheritance in Spain, Latest posts, Tax consultancy, Taxes in Spain

When you receive an inheritance in Spain, it is mandatory to face the tax obligations that arise. Knowing the deadline for paying taxes derived from the inheritance is essential to avoid facing penalties and surcharges. What taxes are paid when inheriting In Spain it is necessary to pay taxes when receiving an inheritance. And the...

Key aspects of inheritances involving non-residents

12 April, 2024FirmalexInheritance in Spain, Latest posts, Taxes in Spain

If you are going to receive an inheritance, you may have questions about the taxes you must pay for the assets you are going to receive. Furthermore, inheritances involving non-residents have more particularities, since different regulations may apply depending on the country of nationality and according to the legislation of the Autonomous Communities. Which country’s...

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...

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