Archive for the ‘Inheritance Law’ Category

Governing Party in Cataluña Consider Reintroduction of Inheritance Taxes

Read the most complete guide available in English on Spanish Inheritance Tax The leader of the CIU party in the Catalan Parliament, Oriol Pujol, has opened the door to the reintroduction of inheritance taxes in an effort to reduce the deficit faced by the region. The taxes had been only recently been virtually eradicated by the CIU, [...]

Canaries Government to Reintroduce Inheritance Taxes

The government of the Canary Islands has approved plans to reestablish inheritance tax, among a raft of other measures, in an attempt to close a €200m gap in income and outgoings that has arisen in the government’s coffers. In addition to the inheritance tax increases, there will also be increases in the local version of VAT – known [...]

Right of Testator in Spain to Disinherit Beneficiary

The Provincial High Court in Cantabria has ruled that a father had the right to disinherit his daughter as a result of the poor conditions of health and hygiene to whcih the latter exposed the former when living together in the same house. The decision of the court of first instance had rejected the daughter’s [...]

Spanish Inheritance Tax Discriminatory – European Commission

Check out the most complete guide available in English on Spanish Inheritance Law The European Commission has announced that it is bringing Spain before the European Court for ‘discriminatory rules relating to Inheritance and Gift Taxes’. The source of the problem lies in the fact that Spain permits non-resident European Union citizens to pay higher [...]

Paying Inheritance Tax in Spain

inheritance tax in spain

  A time-limit is established for the payment of inheritance taxes in Spain, being six-months from the date of death. An application may be made during the first five months to have the deadline extended by a further 6 months. Once granted the extended period of six months begins when the first six months has [...]

How to Calculate Inheritance Tax in Spain

determine inheritance tax in spain

  The tax rate to apply increases as the amount inherited increases according to the scale published by each autonomous community in Spain or, if such a scale is not published, then according to the scale published by the central government. Obviously regard must be had to where the assets are located to determine which [...]

Inheritance Tax in Spain – Cataluña

inheritance tax in spain balearic islands

  Several years ago the Spanish central government decided to devolve tax-rate-setting powers to the autonomous communities or regional governments in Spain. The net effect of this has been that the regional governments have effectively abolished the tax or at least they have provided sufficient deductions and exemptions to render the tax virtually obsolete. The [...]

Inheritance Tax Spain – Canary Islands

inheritance tax spain canary islands

  Following-on from a brief overview of the tax deductions available in Andalucia and Alicante, we look now at the situation with regard to inheritance tax in the Canary Islands. In common with the other regions of Spain, the Canary Islands is responsible for setting the rates of tax payable upon benefiting from an inheritance [...]

Spanish Inheritance Tax – Alicante

spanish inheritance tax alicante valencia

  Several years ago Spain’s central government devolved tax-rate setting powers in the area of inheritance and gift tax to the regional governments. Accordingly it has been for the local governments to determine what if any tax must be paid upon receiving an inheritance or gift. In many cases the local governments have decided to [...]

Spanish Inheritance Tax: Andalucia

spanish inheritance tax regional andalucia

  An important aspect of spanish inheritance tax is the fact that the state has devolved much of the rate setting powers to the local regional government. Over the last number of years there has been a trend towards effectively repealing these taxes such that typically 99% are deducted and are not payable. However, there [...]