Inheritance tax in Spain

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INHERITANCE AND GIFT TAX

Impuesto Sobre Sucesiones. This tax has to be paid whether you live in Spain or not, and there are certain differences in the procedures if you do not live in Spain.

If the deceased was not resident in Spain, the payment will be made to the State Tax Authorities by completing the national 650 form.

The term for paying the tax is six months after the death of the person< from whom you inherit. You can apply for the term to be extended for another six months. Failure to pay the tax in the corresponding term leads to a fine.

The final amount to be paid is calculated as a percentage of the value of< the assets. This percentage will be higher or lower depending on a number of factors, such as the family relation with the deceased and the total value of the inheritance. The amounts to be paid, as well as the possible deductions and bonuses are given in the legal texts indicated below.

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