Author: simonsg44

Inheriting land in Tenerife sounds simple. Until you realise it’s not a villa.Not an apartment.Not even urban building land. Rural land plays by different rules. And if you’re planning to sell it, you need to understand exactly what you’ve inherited first. First Check the Land’s Classification Not all rural land is the same. In Tenerife,…

Inheritance isn’t just about property, cars and bank accounts anymore. These days it often includes: And this is where things can slow down quickly if nobody planned ahead. Spanish inheritance law recognises digital assets as rights or assets. That means they must be handled properly during the legal process. Digital Accounts Are Not Automatically Accessible…

When someone dies owning a vehicle in Tenerife, whether it’s a car, motorbike or even a boat, it forms part of the estate. It doesn’t automatically become yours just because you’re the heir. There’s a process. Separate from property. Separate from bank accounts. And it needs to be done properly. The Vehicle Must Be Included…

This happens more often than you’d think. Someone lives in the UK, Germany, Scandinavia… passes away there… but owns an apartment or villa in Tenerife. And the family suddenly realises they’re dealing with two countries. Yes, there are two processes. No, it’s not unusual. It just needs doing in the right order. Step 1: Complete…

Let’s be honest. Most inherited properties haven’t been staged like a show home. They’ve often been closed up for months. Sometimes years. Furniture dated. Cupboards full. That one drawer nobody ever sorted. Before you even think about putting it on the market, it needs preparing properly. Here’s how to do it without turning it into…

Not every inherited property is mortgage free. Some still have an outstanding loan attached. And this is where people suddenly sit up a bit straighter. Because when you inherit property in Spain, you don’t just inherit the asset. You inherit the obligations too. You Inherit Both Assets and Debts Spanish inheritance law does not separate…

When someone dies with a bank account in Tenerife, the bank doesn’t wait around. As soon as they’re officially notified, the account is frozen. It doesn’t matter if the family needs access for bills, funeral costs or ongoing expenses. This is standard procedure in Spain. Banks Freeze Accounts Immediately Once the bank is informed of…

Many people think once the inheritance is signed at the notary, everything’s done. It isn’t. If you live outside Spain and inherit a property in Tenerife, you take on ongoing tax responsibilities. Even if the property sits empty all year. Here’s what that actually means. 1. Non-Resident Income Tax (IRNR) All non-resident property owners in…

When a property in Tenerife is inherited by several people, things can either go smoothly… Or turn into a slow-motion family meeting that never ends. It’s very common for two, three or more heirs to own one property. And most of the time, it works out fine. But only if everyone is aligned. Here’s how…

When someone dies owning a property in Tenerife, the bills don’t politely stop. Electricity still runs.Water still flows.And the town hall still expects its taxes. So even while the inheritance is being sorted out, someone needs to keep an eye on the basics. Here’s what normally needs dealing with. The Property’s Basic Expenses Still Need…