Spanish inheritance law includes many terms that can be confusing, especially if you live abroad. Here is a simple glossary of the most important words you will come across when inheriting property in Tenerife.
- Escritura: The official property deed.
- Nota Simple: A Land Registry report showing ownership, debts and legal details.
- NIE: Identification number required for all foreigners in Spain.
- Certificate of Last Wills: Confirms whether a Spanish will exists.
- Inheritance Deed (Escritura de Herencia): The notary document transferring the estate to the heirs.
- Plusvalía Municipal: Local tax paid when inheriting or selling property.
- Valor de Referencia: Official tax value used when declaring inheritance.
- Power of Attorney (POA): Allows someone to act on your behalf in Spain.
- ITP: Transfer tax applied to some inherited assets like vehicles.
- Catastro: Spanish map and property database showing land and building details.
- IBI: Annual council property tax.
- Basura: Rubbish collection tax.
- Gestor: A professional who manages paperwork and admin tasks.
- Notario: A Spanish public notary who validates legal documents.
Understanding these terms helps you follow the process clearly and avoid confusion during your Tenerife inheritance.
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