Inheritance Tax Spain 2015. New rates and reclaims.

Inheritance Tax Spain 2015. New rates and reclaims.

There is a lot of contradictory information regarding the calculation of the Inheritance Tax. There was a national law applicable to non-residents and a different law with a regional character that applied to those who were residents in each of the regions with legislative autonomy. Nowadays the regional law is applicable to both residents and non-residents.

The risk of paying high rates

But is there a real risk of ending up paying very high rates? Do not be alarmed. Before the 1st January 2015 most of the Spanish residents that inherited from other residents paid little or nothing given the existence of reductions in the taxable figure. Now all those reductions, bonuses and exemptions are fully applicable to non-residents.

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