Taxes payable on death

Tax declarations

The Spanish tax system is based on self assessment, which means that you are required to:

* Obtain the right tax form
* Calculate the tax due
* Complete the form
* Submit to the Spanish tax office
* Pay the tax!

Many non-resident property owners remain completely ignorant of their tax obligations – until they come to dispose of the property. This then prompts the authorities into action, which can lead to some nasty surprises!

Taxes payable on death

Inheritance Tax (Impuesto sobre sucesiones y donaciones)

Tax is payable on the death of an individual Taxable amount: the value of the beneficiary’s inheritance Tax rate: varies between 7.65% and potentially 81% Tax allowances: approximately €16k or €8k allowance for certain family members

If you would like a Free Spanish Tax Guide and to receive details of how Numerological can help you meet your Spanish Tax obligations, just click on the link below:

The Numerlogical service is designed for those non-residents that have bought a Spanish property, and focuses on those taxes that become applicable after you have been through the buying process.

Numerological has a packaged service which ensures that:

* You are informed as to your Spanish tax obligations.
* All potential tax liabilities are minimised, wherever possible, based on your specific circumstances.
* All annual tax obligations are met on time.
* All communication with the Spanish Tax Office is met on your behalf.
* You are continually updated with regard to changes in the Spanish tax system.
* You always have someone, informed about your situation, to talk to about any changes or plans for your Spanish property.

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