Spanish Inheritance Tax Assessment Report (SITAR)

Raymundo Larraín Nesbitt, October, 9. 2017

By Raymundo Larraín Nesbitt
Director of Larraín Nesbitt Lawyers
8^th 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 €495 *

*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 (+34) 952 19 22 88 or by completing our contact form.

Legal services Larraín Nesbitt Lawyers can offer you

Inheritance-related articles

New EU Regulation to be Passed on Succession and Wills –18th May 2010
EU Pulls the Stops and Vows to Put and End to Inheritance Taxation Discrimination on Non-Resident Beneficiaries Inheriting in Spain – 20th May 2010
Non-Residents: Six Advantages of Making a Will in Spain – 8th August 2012
Spanish Wills and Probate Law in Light of European Regulation 650/2012 – 8th January 2015
Changes to Spain’s Inheritance and Gift Tax Law – 21st February 2015
Dispelling Spanish Inheritance Tax Myths – 8th August 2015
Spanish Inheritance Tax for Non-Residents (Part I) – 21st February 2016
Spanish Inheritance Tax for Non-Residents (Part II) – 8th March 2016
Inheritance Tax Novelties in Andalusia. FAQ on IHT – 8th September 2016
Which beneficiaries are hit worst by Spanish Inheritance Tax (IHT)? – 2nd June 2017
Non-Resident: Why you need to make a Spanish will – 24th June 2017
Non-resident: careful on making a will in Spain – 30th August 2017
Andalusia to slash Inheritance tax for inheritances under 1 million euros – 21st September 2017
Spanish Inheritance Tax Assessment Report (SITAR) – 9th October 2017

Please note the information provided in this blog post is of general interest only and is not to be construed or intended as substitute for professional legal advice. This article may be posted freely in websites or other social media so long as the author is duly credited. Plagiarizing, whether in whole or in part, this article without crediting the author may result in criminal prosecution. VOV.