These three different taxes are levied on the change of ownership of a good, so it is important to be aware of them even if you are not a tax resident in Spain.

Inheritance tax

Will be levied on those assets that are inherited. The tax rate at which they will be taxed varies depending on where you inherit the goods, who you inherit the goods from, what type of goods you inherit and whether or not you are a tax resident in Spain.

The gift tax

will be levied on the change of ownership of goods free of charge. The tax rate at which they will be taxed will depend on

The Property transfer tax

Will be levied on the sale of real estate or movable goods between individuals.

What are the deadlines for filing taxes?

• For inheritance tax, there will be 6 months from the time of death of the owner of the assets to be inherited.
• For gift tax, there will be one month from the moment the inherited assets are received.
• For the tax on Property, there will be a period of 30 working days to file the tax from the moment in which the sale or the situation that generates the payment of the tax takes place.

Frequently Asked Questions

I have inherited an apartment in Spain and I am not a tax resident in Spain, should I pay taxes?

• Yes, if the apartment is located in Spain you will have to pay taxes even if you are not a tax resident in Spain. In case the apartment was donated, as it is located in Spain, you will also have to pay taxes in Spain.

Are there any exemptions on these taxes?

• Yes, there are quite a few exemptions but they vary greatly depending on the type of good you are inheriting, your personal situation (your net worth) and the region of Spain you are in.

If I sell a house to another person, who must pay the transfer tax and what is the tax rate?

• The person acquiring the apartment will be responsible for filing and paying the transfer tax. The tax rate will vary depending on where the property is located but will be around 7%.

Can my parents gift me money to buy a habitual residence?

• These types of donations have an exemption but, once again, it will depend on personal situations. In Catalonia this exemption can be applied provided that you are under 36 years old, that in your last income tax return you have declared an income of less than €36,000 and the maximum exemption percentage will be €60,000.