Inheritances and donations in Spain can be complicated, especially if you are a non-resident. At Legal Help Services, experts in advice in Orihuela Costa, we help you understand how it all works.
- Applicable law: If you are a non-resident, your inheritance in Spain might be governed by the law of your country of habitual residence. However, you can choose to apply the law of your nationality.
- Inheritance Tax: This tax varies depending on the autonomous community where your assets are located. As a non-resident, you might face higher rates than residents.
Donations for non-residents: Key aspects
- Donation Tax: Donations made to non-residents are subject to tax in Spain. The regulations and rates vary according to the autonomous community.
- Legal aspects: Donations of real estate must be executed before a notary. Furthermore, it is important to consider international treaties that may affect taxation.
Effective planning of inheritances and donations
To minimize taxes and ensure that your assets are distributed according to your wishes, planning is crucial:
- Drafting a will: We recommend that if you have assets in Spain, you draft a specific will. This will simplify the inheritance process.
- Tax and legal advice: At Legal Help Services, we offer advice in Orihuela Costa to help you navigate this process.
**Do not let a lack of planning affect your assets in Spain.** Contact us to receive *advice in Orihuela Costa* and ensure that everything is in order.
