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Inheritance 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...
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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...
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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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The inheritance of a foreigner who has assets in Spanish territory has some complexities that are not found in the inheritance of Spanish nationals. For this reason, the best thing to do in these cases is to take measures to ensure that the inheritance in Spain is distributed quickly and easily. What happens with the...
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Inheritance can be a real problem, especially when arguments and quarrels arise between family members. Hence the need to think things through in good time. In these situations, the following question is bound to arise: is it better to make a living donation or to leave an inheritance? Most people usually opt for a bequest...
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If you are a non-resident or foreigner and you have bought a property in Spain, you may have wondered how to facilitate the transfer of your assets to your heirs abroad the day it is necessary. Below, we answer the most common questions that clients of our law firm often ask us. Is a will...
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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 deadlines for filing the tax are detailed below. For inheritances, there is a deadline of 6 months from the death or declaration of death of the owner. An...
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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. When what is transferred by donation or inheritance is a company, this operation is also subject to Inheritance and Gift Tax. However, in order to encourage the continuity of...
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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. Inheritance tax is a national tax managed by the Autonomous Communities, so they can incorporate regulations in many aspects. As we have repeatedly mentioned in previous articles, each Autonomous...
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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...
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