THE relationship between the deceased and the heir or beneficiary is very important in the Spanish inheritance system. Spanish Law regarding inheritances recognises that some close relatives have the absolute right to inherit (e.g. children, parents, and spouses) but if you are not a Spanish national, you may be able to avoid the application […]
Inheritance and Gift Tax Planning. Death Duties-Taxes. IHT/I.H.T.
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IT is well known that when one becomes the beneficiary of an inheritance in Spain, inheritance tax must be paid. The deadline to submit and pay this tax to ensure that there are no surcharges or penalties is six months from the death of the person leaving the inheritance. However, the statute of limitations for […]
One of the most common ways to transfer a property in Spain is to make a gift or donation. Through this operation, the ownership of a property is transferred for free to a person ( individual) or a legal entity, company. This operation can be very attractive if you want to put a property in […]