Information on Spanish inheritance tax - General property discussion in La Marina - La Marina forum - Costa Blanca forum in the Alicante province of Spain
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Information on Spanish inheritance tax

Posted: Sat Mar 16, 2019 10:33am
2 replies113 views4 members subscribed
kym62

Posts: 8

Location: La Marina

Joined: 2 Nov 2016

Hi guys, could someone let us know about the inheritance tax when buying property in Spain when we retire next year and set up home . Many tha

killjoy

Posted: Sat Mar 16, 2019 1:05pm

killjoy

Super helpful member

Posts: 3232

1849 helpful points

Location: Orihuela Costa

Joined: 4 Nov 2017

Posted: Sat Mar 16, 2019 1:05pm

There is no inhertance tax when buying a property, Instaed, a purchase tax is due (+/-10% on th purchase price). Inhertance issues depend on (too) many variables as to be considered in detail here.

jimtaylor

Posted: Sat Mar 16, 2019 4:44pm

jimtaylor

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Posts: 5612

8738 helpful points

Location: Mudamiento

Joined: 2 Feb 2017

Posted: Sat Mar 16, 2019 4:44pm

As Killjoy says, there are a lot of variables, plus the dreaded Brexit might rear it's head.

At the moment the Valencian tax free allowance for a married couple is very generous. Post Brexit, in a worst case scenario, the allowance might be the state figure which, last time I noticed it, was less than €16K.

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Thy Will Be Done
Espana Dream Properties
interior building work
Airport Service Taxi Mil Palmeras  Torre de la Horadada
Blacktower Financial Management
Expat Services
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Jennifer Cunningham Insurances SL
James Spanish School
Costa Blanca Building Specialists
ASSSA Insurance
Gentlevan Removals
Gran Alacant Insurances
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