Inheritance in Spain, according to Spanish law states, that all heirs, legatees and beneficiaries who do not have their usual residence in Spain could be liable to pay Inheritance tax. Read about the European ruling that was approved in 2014.
In the case of acquisitions resulting from death, including those of beneficiaries of life insurance policies, the filing deadline is 6 months from the date of death.
Upon death, the assets and shares of the deceased can be frozen until the Inheritance deed is presented and taxes have been paid.
We are able to manage the Inheritance in Spain situation from start to finish, normally using a power of attorney from the beneficiaries to enable the collation of all relevant documents and information from local authorities and public offices through to the signing and registering the Inheritance deed.
Once the deed is registered we will arrange the change of utility services, bank account and community ownership details.
This is a very delicate matter and the Inheritance in Spain process can be very daunting especially when you do not know the language, laws, or processes.
We have dedicated staff to assist with this matter and to lead you through every step of the way in a professional manner.
