What happens if I inherit property in Spain?
In Spain, the heirs or beneficiaries are liable for inheritance tax, not the estate of the deceased. Any Spanish Inheritance Tax due must be paid by the beneficiary within six months from the date of death. International conventions will need to be checked to avoid double taxation.
Can you inherit property in Spain?
Spanish Inheritance Law states that when you die your property will be shared among your heirs according to the law of your country of origin (unless you are resident in Spain and have no Will, in which case Spanish law and the forced heirs applies).
How do the Spanish bury their dead?
Spanish cemeteries have a system where a coffin is inserted in a recess, or niche (nicho) (rather than buried in the ground). A niche can be rented for a pre-determined number of years. The remains are interned in the niche and once the period expires the body is moved to a common burial ground.
Do I need a Spanish will if I own a property in Spain?
If you own property, have a bank account, a car or other assets in Spain, you need to write a Spanish Will. It does not matter whether you are Non-Resident or Resident, it is important to have a separate Will. This is a Will prepared and registered in Spain, covering just your assets in Spain.
How long do Spanish funerals last?
Hispanic funeral ceremony The visitation is a time to remember the loved one and spend time with family. Usually, it starts later in the day, lasting longer than four hours and sometimes even late into the night or overnight. Food such as pan dulce or pastelitos and coffee are often served at the funeral home.
Do you have to pay inheritance tax in Spain?
Inheritance tax in Spain applies to everyone, residents and non-residents alike. Also called succession tax (impuesto de sucesiones y donaciones or ISD), the progressive tax becomes payable upon receipt of an inheritance from a friend or relative—whether this is property, money, or an asset of any kind.