How high are inheritance taxes in Spain?
When the owner of a Spanish property dies, his beneficiary (i.e. the individual recipient of the property and associated rights) is liable to pay an inheritance tax. Inheritance Tax (Impuesto sobre Sucesiones y Donaciones) is payable on lifetime gifts, or on property received on someone’s death. It is payable if the recipient of a gift, or the heir of an estate, is a resident in Spain, or if the asset being gifted or passed on death is property in Spain. There is a set of rates and allowances fixed by the national government for inheritance tax purposes. However, since the autonomous communities may modify their own rates and allowances, this set may differ from one locality to another.
