Taxes on inheritance and donations
Taxes on inheritance and donations
in Spain
We will submit your spanish tax returns
- be done in 5 minutes!
1. Fill in your details
You fill in your tax details on our site in less than 5 minutes.
If you have any questions we will guide you through phone, chat or e-mail.
2. We present your taxes for you
We calculate your tax, make sure that the information is correct and send your tax declaration to the spanish tax authority.
We set the tax payment on direct debit and you do not have to go to the bank.
3. You are done and receive a confirmation
You will receive a confirmation from us and the tax will be collected by the spanish tax authority from your spanish bank account via direct debit.
1. Fill in your details
You fill in your tax details on our site in less than 5 minutes.
If you have any questions we will guide you through phone, chat or e-mail.
2. We present your taxes for you
We calculate your tax, make sure that the information is correct and send your tax declaration to the spanish tax authority.
The tax payment will be set on direct debit and you do not have to go to the bank.
3. You are done and receive a confirmation
You will receive a confirmation from us and the tax will be collected by the spanish tax authority from your spanish bank account via direct debit.
Latest tax return in
Taxes on inheritance and donations
In Spain inheritance and donations/gifts are taxed.
The amount of tax depends on in which region you are living in and there are considerable deduccions in many regions. In many cases you do not have to pay more than a small amount – even though you do have to declare the tax.
If you normally live outside of Spain, you will need to pay for property in Spain, for example a holiday home. If the receiver of the inheritance or donation lives more than half the year in Spain the person will need to pay taxes in Spain even if the property is outside of Spain.
We will help you declare Spanish inheritance and donations taxes and give you the advise you need if you have inherited a Spanish property or plan to give away a donation.
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Questions and Answers - Taxes on inheritance and donations
We have automated the process of filing your spanish taxes to make it as easy as possible for you. You fill in your details on our site and we file your taxes for you. We set up direct debit for they payment of taxes so the spanish tax authority will draw the taxes from your spanish tax account. You will receive a confirmation from us and your tax will be paid automatically.
If you prefer, you can make a payment to our client account and we make the payment for you.
We have signed a partnership agreement with the tax authority.
The Spanish inheritance and donation taxes vary depending on which region you live in. Several regions have heavy deduccion which make the tax amount limited. Please do contact us for information about your specific situation.
We are a network of economists, lawyers and architects. We focus on tax but help clients with a variety of questions about their spanish properties.
We have signed a partnership agreement with the spanish tax authority and are part of an organisazion for spanish tax accountants. We have also a professional liability insurance for the work we do.
Modelo 650 is the Spanish tax forms for declaring inheritance. There are also other Modelos such as Modelo 651 for gifts as well as Modelo 660.
We will make sure all the correct forms will be filled.
If you own a property in Spain, you must declare it in Spain whether you are tax-registered in your home country or Spain. This includes if you have inherited a Spanish property or if you are planning to donate a Spanish property of assets.
If you are a Spanish Resident you will also need to pay inheritance tax and donations tax for all your assets depending on the region you live in.
Many regions have high tresholds for paying inheritance and/or gift taxes.
If you are unsure, please do send us an e-mail and we will get back to you.
Inheritance taxes need to be filed 6 months after time of passing.
Gift taxes need to be filed 30 days after day of receiving the gift.
Yes, you must declare in both countries, in Spain you declare your Spanish residence even if you are tax resident in other country normally. You must declare these in both your home country and Spain and make deductions according to the respective countries’ tax system. You can then claim the Spanish tax back in some cases under double taxation agreements so that you do not have to double tax.
If you have never declared although you should have done so, we recommend to declare retroactively four years back in time, which is the period that the Spanish tax authority usually goes back to claim unpaid taxes.
You may be able to pay a penalty for the years you missed but fortunately there are discounts for this if you choose to declare the years you missed. Please contact us for further information.
There are stories online and among friends about people who never bothered to declare and nothing has happened. However, this is erroneous and very risky since the Spanish tax authority has access to both Spanish property registers and European tax information through a joint tax register in the EU. It can thus be expensive and come at the same time as you simply become a tax saver and break the law.
Also, note that there are “discounts” on the fines if you choose to declare earlier years when you missed.
Do you need help with other Spanish taxes?
About Spanish Taxes
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- Calle Maestranza, 29016 Málaga, España
- Telephone: +34 611 629 317
- E-mail: [email protected]
- Opening times for advice on phone or through chat.
Monday-thursday 10.00-18.00
Fridays 10.00-15.00
If we are not available through phone or chat send us an e-mail and we will always respond shortly.
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