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Correctly declaring a gift in Spain will not only help you avoid problems with the Tax Authorities. It will also enable you to benefit from significant bonuses and deductions under both state and/or regional regulations. In this week’s article, we discuss the most important aspects of gifts in Spain that both the donor (the person […]
When someone passes away, it is very important to remember that heirs will not only receive the assets left by the deceased. They will also inherit, except in certain cases (acceptance of inheritance with benefit of inventory), the debts that the deceased may have incurred during their lifetime. This is a crucial aspect that many […]
In Spain, before inheriting the assets of the deceased, the heirs must pay the Inheritance Tax to the Spanish Tax Office. When real estate is part of the inheritance, the heirs must also pay the Plusvalía Tax. In this week’s article we discuss the inheritance tax statute of limitations in Spain. That is, the deadline […]
