Spanish Inheritance Tax Assessment Report (SITAR)

Raymundo LarraĆ­n Nesbitt, October, 9. 2017

By Raymundo Larraín Nesbitt
Director of Larraín Nesbitt Lawyers
8th of October 2017

 

 

 

  • Are you worried sick thinking how much money your heirs stand to pay the Spanish taxman?
  • Are you unsure on whether it is more tax-efficient to gift a property, to inherit it or simply to sell it?
  • Do you find yourself stressed out at night over your inheritor’s Spanish Inheritance Tax liability post-Brexit?
  • Are you keen to find out personalised tax solutions, in plain English, that adapt to your particular case, protecting your loved one’s interests?

 

Look no further! A Spanish Inheritance Tax Assessment Report (SITAR, for short) is a comprehensive tax report written in plain English by our joint team of seasoned economists and lawyers. We study your family case in light of existing Spanish inheritance laws (national, regional and local) providing you with a tailored tax report which allows heirs to know exactly how much Spanish Inheritance Tax they are liable for. Additionally, we suggest alternative solutions to mitigate, within the law, the taxable base (to pay less taxes).

Did you know that Spain’s 17 autonomous regions have devolved competencies over Spanish Inheritance Tax (IHT) which meaningfully impact inheritance taxation from one region to the next? This translates into significant tax differences when heirs face IHT and allows for tax-planning strategies.

Commanding a SITAR from us is useful for all the following reasons:

  • It tells you how much Spanish Inheritance Tax your heirs will pay
  • It tells you how much Plusvalia Tax your heirs will pay
  • It allows forward tax-planning
  • It enables to mitigate exposure to IHT
  • It allows owners to re-arrange property holding structures in a tax-efficient manner
  • It discloses and highlights non-optimal taxation scenarios to avoid
  • It studies all the available tax allowances from which heirs can benefit from, at a national, regional and local level (all three)
  • The report briefly outlines legal alternatives to shield against IHT that adapt to your family’s specific needs. No one-trick ponies or one-size-fits-all generic solutions.

 

Legal fees: standard SITAR report from €595 *

 

 *Specially complex matters will be billed at a higher rate.

 

Larraín Nesbitt Lawyers, small on fees, big on service.

Larraín Nesbitt Lawyers is a law firm specialized in taxation, inheritance, conveyancing, and litigation. We will be very pleased to discuss your matter with you. You can contact us by e-mail at info@larrainnesbitt.com, by telephone on 951 894 675 or by completing our contact form.

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