THE 10 STEPS FOR INHERITANCE PROCESS IN SPAIN
FOREIGNERS IDENTIFICATION NUMBER
Obtaining a Foreigners Identification Number (NIE) is a requirement for the inheritance process. This number will be required when signing the Deed of Inheritance, which can be either done in person in Spain, or by pre-arranged Power of Attorney. The latter would be sufficient to complete the entire inheritance process, and can be prepared in Spain or in your country of origin, if required. We can arrange with a local Notary most convenient to where you live.
Calculation and liquidation of Inheritance Taxes. The applicable taxes depend not only on the relationship of the heirs to the deceased, but whether they were resident or not in Spain, the value of the assets, and also the region in which the taxes are applied. They are not a flat percentage, but based on a scale depending on the pre-mentioned conditions – this can be calculated specifically for the case in hand. Please be aware that if the inheritance taxes are not liquidated within 6 months of the date the person passed away, then those taxes will increase.