{"id":3872,"date":"2019-09-05T11:10:47","date_gmt":"2019-09-05T11:10:47","guid":{"rendered":"http:\/\/decottalaw.com\/?p=3872"},"modified":"2019-09-05T11:10:49","modified_gmt":"2019-09-05T11:10:49","slug":"inheritance-tax-in-the-canary-islands","status":"publish","type":"post","link":"https:\/\/decottalaw.com\/es\/inheritance-tax-in-the-canary-islands\/","title":{"rendered":"Inheritance tax in the Canary Islands"},"content":{"rendered":"\n<p>In Spain there are many autonomous regions and inheritance\ntax allowances are different depending on the region where the inheritance\nassets are situated or where the inheritor is fiscally resident.<\/p>\n\n\n\n<p>If the inheritor is resident in the Canary Islands or the\nassets are situated in this region, Canary Islands inheritance tax allowances\nare applicable. Since January 2016 a 99.9% inheritance tax allowance is\napplicable to children, parents and the spouse (Groups I and II) &#8211; the same\nallowance had been applicable from the year 2008 to July 2012 &#8211; and in 2019 the\nregion extended this allowance to siblings, nephews, uncles and stepchildren\n(Group III); as a consequence no inheritance tax is due or a very small amount\nneeds to be paid when assets are inherited from family members.<\/p>\n\n\n\n<p>As the Spanish Supreme Court has declared that the\nallowances apply to the benficiaries of Spanish assets wherever they may\nreside, we understand that Brexit will not affect this beneficial inheritance\ntax regime. <\/p>\n\n\n\n<p>Unfortunately the 99.9% allowance was not extended to Group\nIII in respect of donation tax and this allowance is only applicable to Group I\nand II as from the year 2016 (if the donation is declared in a Notary deed).\n\nFor\nmore information or a consultation call us on 922 719520 or email <a href=\"mailto:tenerife@decottalaw.net\">tenerife@decottalaw.net<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>In Spain there are many autonomous regions and inheritance tax allowances are different depending on the region where the inheritance assets are situated or where the inheritor is fiscally resident. If the inheritor is resident in the Canary Islands or &hellip; <a href=\"https:\/\/decottalaw.com\/es\/inheritance-tax-in-the-canary-islands\/\">Continuado<\/a><\/p>\n","protected":false},"author":8,"featured_media":2503,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[42,31],"tags":[],"office-cat":[18],"service-cat":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Inheritance tax in the Canary Islands - De Cotta Law<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/decottalaw.com\/inheritance-tax-in-the-canary-islands\/\" \/>\n<meta property=\"og:locale\" content=\"es_ES\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Inheritance tax in the Canary Islands - De Cotta Law\" \/>\n<meta property=\"og:description\" content=\"In Spain there are many autonomous regions and inheritance tax allowances are different depending on the region where the inheritance assets are situated or where the inheritor is fiscally resident. If the inheritor is resident in the Canary Islands or &hellip; Continuado\" \/>\n<meta property=\"og:url\" content=\"https:\/\/decottalaw.com\/inheritance-tax-in-the-canary-islands\/\" \/>\n<meta property=\"og:site_name\" content=\"De Cotta Law\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/DeCottaLaw\" \/>\n<meta property=\"article:published_time\" content=\"2019-09-05T11:10:47+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2019-09-05T11:10:49+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/decottalaw.com\/wp-content\/uploads\/2018\/07\/4102530719.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"630\" \/>\n\t<meta property=\"og:image:height\" content=\"586\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"gustavo\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@DeCottaLaw\" \/>\n<meta name=\"twitter:site\" content=\"@DeCottaLaw\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"gustavo\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minuto\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/decottalaw.com\/inheritance-tax-in-the-canary-islands\/\",\"url\":\"https:\/\/decottalaw.com\/inheritance-tax-in-the-canary-islands\/\",\"name\":\"Inheritance tax in the Canary Islands - De Cotta Law\",\"isPartOf\":{\"@id\":\"https:\/\/decottalaw.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/decottalaw.com\/inheritance-tax-in-the-canary-islands\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/decottalaw.com\/inheritance-tax-in-the-canary-islands\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/decottalaw.com\/wp-content\/uploads\/2018\/07\/4102530719.jpg\",\"datePublished\":\"2019-09-05T11:10:47+00:00\",\"dateModified\":\"2019-09-05T11:10:49+00:00\",\"author\":{\"@id\":\"https:\/\/decottalaw.com\/#\/schema\/person\/8a8a1ab4a5473ea4b03279b01f6d8557\"},\"breadcrumb\":{\"@id\":\"https:\/\/decottalaw.com\/inheritance-tax-in-the-canary-islands\/#breadcrumb\"},\"inLanguage\":\"es\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/decottalaw.com\/inheritance-tax-in-the-canary-islands\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"es\",\"@id\":\"https:\/\/decottalaw.com\/inheritance-tax-in-the-canary-islands\/#primaryimage\",\"url\":\"https:\/\/decottalaw.com\/wp-content\/uploads\/2018\/07\/4102530719.jpg\",\"contentUrl\":\"https:\/\/decottalaw.com\/wp-content\/uploads\/2018\/07\/4102530719.jpg\",\"width\":630,\"height\":586},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/decottalaw.com\/inheritance-tax-in-the-canary-islands\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"De Cotta\",\"item\":\"https:\/\/decottalaw.com\/es\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Inheritance tax in the Canary Islands\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/decottalaw.com\/#website\",\"url\":\"https:\/\/decottalaw.com\/\",\"name\":\"De Cotta Law\",\"description\":\"Spanish and English lawyers and legal services in Spain\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/decottalaw.com\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"es\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/decottalaw.com\/#\/schema\/person\/8a8a1ab4a5473ea4b03279b01f6d8557\",\"name\":\"gustavo\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"es\",\"@id\":\"https:\/\/decottalaw.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/7c7fd9d5b9b6932a9912b181d8162eda?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/7c7fd9d5b9b6932a9912b181d8162eda?s=96&d=mm&r=g\",\"caption\":\"gustavo\"},\"url\":\"https:\/\/decottalaw.com\/es\/author\/gustavo\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Inheritance tax in the Canary Islands - De Cotta Law","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/decottalaw.com\/inheritance-tax-in-the-canary-islands\/","og_locale":"es_ES","og_type":"article","og_title":"Inheritance tax in the Canary Islands - De Cotta Law","og_description":"In Spain there are many autonomous regions and inheritance tax allowances are different depending on the region where the inheritance assets are situated or where the inheritor is fiscally resident. 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