Inheritance in Spain
Compensation for damages arising out of discrimination suffered in the Inheritance and Gift Tax
The European Union has stated to inheritance tax in Spain is discriminatory towards non-residents and towards assets located outside Spain. Autonomic regulation of the Inheritance and Gift Tax Inheritance and Gift Tax is a State tax, except in the Basque country and...
What is guardianship and who can be a guardian?
Definition and cases for guardianship It is the authority conferred to someone to take care of a person (the ward) and their property in the absence of their parents. The guardian has duties which are always exercised for the benefit of the ward. Who can be subject to...
Acceptin an inheritance – Risks, timeline and costs
Be cautious and seek quality professional advice before accepting an inheritance. There currently are many families who have no option but to disclaim an inheritance as a result of the financial crisis (mainly). It has also been reported that the acceptance of...
Distribution of an inheritance among siblings. How is it made?
When a deceased person leaves children, the descendant line of succession of heirs of the body opens (i.e., their universal heirs will be their children). In the event that there are several children and there is no will, siblings will inherit equally. Remember that...
Fin out how inheritance may affect your tax return
After the sorrow of losing a family member, the paperwork involved in the inheritance process becomes a new difficult moment for the heir. Among the most frequently asked questions, heirs often wonder how to declare inheritance in the tax return. How is inheritance...Links of interest
