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Spanish taxation of gifts and inheritances

 

To complement the direct taxation, all the individuals in Spain, are obliged to pay for the free acquisitions. The name of this tax is “Impuesto sobre Sucesiones y Donaciones” and covers all the gifts and inheritance received.

The management and the collection of the Tax are carried out by the Local Authorities in Spain (Comunidades Autónomas).

The tax rate of this obligation is quite considerable, it goes from 7.65 to 34% depending on the patrimony and the degree of kinship of the acquirer and the region where the payment is going to be collected.

We advise on the best way to inherit the patrimony the clients have built after years of hard work taking care of all the possible options within the legal framework available. We make the tax calculations and file the tax return, supporting the client in all the adjudication process of inheritance before the Public Registries, the Notary and the Tax Authorities