The inheritance
tax levied on capital gains obtained through inheritance by individuals.
Let's analyze the
general scheme. In some Autonomous Regions there is much more favorable tax regime
(inherit is much cheaper) than in the rest of Spain. The criterion for the
application of this scheme is the residence of that dies during a specified
period in the territory. But for UK residents with properties in Spain will
apply the general scheme.
Who pays: the tax is paid each receiving something in the estate.
Who pays: the tax is paid each receiving something in the estate.
The amount of tax
depends on several factors:
- The value of the property received by: the
scale is progressive, that is, the percentage paid is greater the higher
is the value of heritage.
- The relationship to the deceased: the more
distant is the relationship, the higher the percentage you pay for. In
addition, depending on the relationship there are certain initial
quantities (which are revised every year) who pay nothing. This means that
there is a minimum exemption depends on the closeness of kinship.
- The previous heritage from which it inherits:
if the inheriting is an important pre-fixed assets in tax-law also is more
expensive inherit.
- There is moreover pay less tax inheritances,
with certain conditions, such as the family business or the family home if
the heirs are the spouse and children.
The instance must
be present before the Tax Office to pay the tax no later than 6 months after
the death. If that deadline passes, the Treasury charges the corresponding penalty.
The deed of partition is a tax return, you just have to submit it to the Tax Office, without documents. In the Inheritance Tax is not required to do a self-assessment (although it is allowed), i.e. only you submit the data, and Tax Office calculates and communicates the amount to be paid.
The deed of partition is a tax return, you just have to submit it to the Tax Office, without documents. In the Inheritance Tax is not required to do a self-assessment (although it is allowed), i.e. only you submit the data, and Tax Office calculates and communicates the amount to be paid.
As you can see,
always are facilities to pay!!
David
Lorenzo
|
Foreign Law | Birchall Blackburn
dxlorenzo@birchallblackburn.co.uk
www.spanishlawintheuk.co.uk www.spanishpropertiesintheuk.co.
Foreign Law | Birchall Blackburn
dxlorenzo@birchallblackburn.co.uk
www.spanishlawintheuk.co.uk www.spanishpropertiesintheuk.co.
No hay comentarios:
Publicar un comentario