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An important part of inheritances is the portion that must be left to specific individuals by law. This is known as forced heirship. Inheritance for Non-Residents in Spain The first thing to keep in mind when receiving an inheritance is that it is distributed according to the regulations in force at the time of the...
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The main residence and the second residence in the inheritance may have different treatment as far as taxes are concerned. To understand the treatment regarding Inheritance Tax and Capital Gains Tax, it is necessary to know when a property is considered a main residence and the differences between a main residence and a second residence...
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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...
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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...
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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...
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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...
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Although before buying a home a visit is usually made to check that everything is correct, there may be some details that are overlooked or even some scam attempts. Therefore, hidden defects in the purchase of a home are more common than it may seem. What is considered a hidden defect? The definition of hidden...
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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...
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If you are thinking of spending a season in Spain or starting some type of business, you should know that it is important to know when you are considered a resident in Spain for taxes. This aspect is essential because it differentiates the taxation that is applied in case of being or not a resident...
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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...
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