Many of you will not realise that inheritance and gift tax in Spain is decided at government levels but also by each region. Each region of Spain is autonomous and so can apply their own tax reductions to inheritances and gifts. This is very important to know as in Spain, a property is generally not owned in the same way as… Read more »
Inheritance and Donation Tax in the Valencian Community
We have explained many times how there are taxes in Spain on the transfer of assets when a person dies (inheritance) and also on the transfer of assets when a person gifts them to another (donations), as there have been a number of changes in recent years. As Inheritance and Donation tax is collected and managed by the Autonomous Communities… Read more »
Inheritance Tax in Spain
We’ve recently bought our house and have been advised that we need a Spanish Will. However, what is the position with regard to inheritance tax? Wills We would definitely advise you to make a Spanish Will as otherwise getting an Irish or British Will recognised in Spain will only incur expense, frustration and delays to your beneficiaries, as they would… Read more »
Inheritance Tax Valencia Region 2020
What is the inheritance tax Valencia Region 2020? Firstly, if you have assets in Spain, it is important to understand the regulations in Spain. Before making a Will, as it has an impact on the amount that your heirs may have to pay in Inheritance Tax. Spanish Wills We recommend making a Spanish Will as otherwise looking to an Irish… Read more »