Inheritance and Donations
As a Spanish resident, you will pay tax if you receive a inheritance/donation from both Spanish residents and non-residents (for example, parents who live in your country of origin/a country that is not Spain).
It is a progressive tax that applies to the beneficiaries of an inheritance, gift or donation. Significant tax allowances can vary according to the region of Spain and the relationship with the deceased or the donor. Furthermore, there are many legal requirements that must be met to be eligible for tax allowances in the case of donations. As such, we recommend that you contact our team of experts who can advise you accordingly to your personal situation.
Taxes must be paid:
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Within six months after the death in the case of inheritances (this period can be extended by a further another six months meeting some requirements in certain situations).
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Within one month in the case of donations.
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We recommend you to get in contact with our team to receive all the information before receiving any donation or inheritance to make sure all the requirements and deadlines are met.