Most business owners spend years building their company, acquiring assets and creating financial security for their family. Yet surprisingly few consider what happens when those assets eventually need to be transferred to the next generation.

For entrepreneurs and investors with interests in Spain, inheritance and gifting often involve more than a simple transfer of assets. Spanish succession rules, inheritance tax and regional regulations can lead to outcomes that differ significantly from what many Dutch nationals are accustomed to.

As a result, questions often arise only when a transfer, inheritance or succession becomes relevant. By then, options may be more limited than they would have been with proper planning in advance.

Frequently Asked Questions

In practice, we regularly encounter questions such as:

✔ Which succession law applies to my estate?

✔ Is my Dutch will sufficient for my situation in Spain?

✔ What inheritance tax might my heirs have to pay?

✔ What are the implications of making gifts between the Netherlands and Spain?

✔ How does inheriting Spanish property work?

✔ Can double taxation occur?

✔ What role does the Spanish notary play?

✔ What should beneficiaries be aware of when administering an estate?

Video: Inheritance and Gifting in Spain
To provide further insight into these topics, Maartje Vissers, Director Client Welcome Team, and Myrdinn Jacobs, Lawyer specialised in Inheritance and Estate Tax, discuss a number of practical situations they regularly encounter when advising Dutch nationals with interests in Spain.

Their discussion covers succession law, inheritance tax, gifting, Spanish real estate and other important considerations when family, assets and property span more than one country.

The discussion is conducted in Dutch. English subtitles can be enabled on YouTube!

Watch the full video here:

https://youtu.be/FjpegaW1Ptw?si=-v7uLOFzHHdL2MVV

Planning Ahead Makes a Difference
Many inheritance-related challenges do not arise because people make the wrong decisions. More often, they arise because people are simply unaware that the rules in Spain differ from those in the Netherlands.

Whether you are an entrepreneur, investor or property owner in Spain, taking the time to understand the legal and tax implications can help prevent uncertainty and unnecessary complications later on.

For more information about inheritance and gifting in Spain, visit:

https://www.euroeconomics.com/en/inheritance-tax/

Good planning today can provide clarity and peace of mind for future generations.