Taxation & taxation
Why donate foreign property first?
The accumulation effect in inheritance tax does not apply to the donation of foreign property. Why donate your foreign property first?
22 April 2021
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The accumulation effect in inheritance tax does not apply to the donation of foreign property. Why donate your foreign property first?
Does your family live in Spain? And are you planning to donate to them? Be careful with this. Possibly your family members will be taxed in Spain.
Several clients buy Spanish property together with the children. One avenue is then to buy usufruct in the name of the parents and the
Gifting in Spain is traditionally expensive. Unlike inheritance tax, there are usually no generous reductions, tax-free sums or exemptions in gift tax. Donate
As in Belgium, there is a gift tax in Spain. Spanish gift tax is partly regulated by the autonomous regions and is usually considerably higher