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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 […]
When someone passes away, the heirs are faced with a series of procedures and formalities that must be carried to process the inheritance. Among them, one of the most important aspects is the Inheritance and Gift Tax (IHT). Dealing with this tax is vital in order to proceed with the distribution of the assets. This […]
