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 […]
Inheritance and Gift Tax Planning. Death Duties-Taxes. IHT/I.H.T.
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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 […]
AS was mentioned in a previous article, we are helping many foreigners who paid inheritance and gift or donation taxes in Spain and are residents outside of the European Union, to recover and get back, in most cases, a large proportion of the taxes paid. This is because the ECJ and the Spanish Supreme […]