ISD Spanish inheritance tax
Latest articles about ISD Spanish inheritance tax
With the change of government, the region of Andalusia approved a new set of inheritance laws on the 11th of April 2019 which drastically reduce, or even suppress, Inheritance & Gift tax.
Andalusia’s centre-left wing party was ousted from power last December after 37 years in control. With the turn of tide, the new centre-right wing ruling coalition agreed in Seville to abolish inheritance tax in Andalusia.
Sunny Spain is still one of the most popular countries for people to retire to.
Normally, when an individual or company requests a loan from a relative or a mortgage from a financial institution, it is not repaid on time or at least until it is claimed.
When a taxpayer acquires a home in Spain, he or she can use the website of the Tax Department of the autonomous community they’re in to find out what the property is worth for the purpose of paying the ITP or ISD tax (depending on where it is) and avoid overpaying.