Inheritance Tax (Impuesto sobre Sucesiones y Donaciones)

Inheritance Tax (Impuesto sobre Sucesiones y Donaciones) - Guide.

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Inheritance Tax (Impuesto sobre Sucesiones y Donaciones)

Andalucía boasts some of the most favourable inheritance tax rates in Spain. Here’s a breakdown of the key points:

High Allowances

Inheritance between Group I beneficiaries (spouse, children, descendants) often benefits from a high tax-free allowance, reaching €1 million per heir in some cases. This significantly reduces the overall inheritance tax burden.

Progressive Tax Rates

The remaining inheritance amount exceeding the allowance is subject to progressive tax rates. These rates typically start lower than other regions in Spain.

Seeking Professional Guidance

Consulting a qualified inheritance lawyer and tax advisor familiar with Andalucian law is highly recommended. They can provide personalized advice based on your specific circumstances, including:

• Tax Planning Strategies: They can help you minimize inheritance tax liabilities by exploring available exemptions and deductions.