In Spain, the Inheritance Tax (Impuesto sobre Sucesiones y Donaciones) is a levy imposed on the transfer of assets from a deceased person to their beneficiaries. The tax regulations can vary significantly across the country’s autonomous communities, each having the authority to establish specific rules and exemptions.
Taxpayers (Sujeto Pasivo): Individuals who receive assets through inheritance are liable for this tax. Both residents and non-residents may be subject to the tax, depending on the location of the assets and the residency status of the deceased and the beneficiary.
Taxable assets: The tax applies to a wide range of inherited assets, including:
Real estate properties.
Financial investments.
Personal belongings of significant value, such as jewellery and vehicles.
Filing deadlines: Beneficiaries are generally required to file the Inheritance Tax return within six months from the date of the deceased's passing. An extension of an additional six months can be requested before the initial deadline expires.
At Svelsan International Lawyers, we understand the complexities involved in managing inheritance matters, especially concerning tax obligations. Our dedicated team offers comprehensive support to ensure a smooth process:
Personalised consultation: We assess your unique situation to determine applicable tax liabilities and exemptions based on the specific regulations of the relevant autonomous community.
Accurate documentation preparation: Our experts meticulously prepare all necessary documentation to ensure compliance with legal requirements.
Timely filing: We manage the submission of your Inheritance Tax return within the stipulated deadlines, including assistance with extension requests if needed.
Liaison with Tax Authorities: We represent your interests in communications with tax authorities, addressing any queries or issues that may arise.
Entrust Svelsan International Lawyers to guide you through the intricacies of Inheritance Tax in Spain, providing professional and compassionate assistance during challenging times.
