Author: simonsg44

If you decide to sell an inherited property in Tenerife, Capital Gains Tax (CGT) may apply. That said, many heirs end up paying very little… and sometimes nothing at all. It all comes down to the difference between the property’s value at the time of inheritance and the price it eventually sells for. When Capital…

When someone inherits a property in Tenerife, there’s one tax that often surprises people. It’s called Plusvalía Municipal. Even if the inheritance tax bill ends up being almost zero, this local tax still has to be dealt with. Here’s the simple version of what it is and how it works. What Is Plusvalía Municipal? Plusvalía…

One of the first things families ask when dealing with an inheritance in Tenerife is fairly obvious. “How much is this actually going to cost?” The good news is that inheritance tax in the Canary Islands is usually very low for close family members. That said, there are still a few administrative costs along the…

If you’ve inherited property in Tenerife and are thinking about selling, one thing quickly becomes clear. An apartment and a villa behave quite differently in the market. The legal process is largely the same, but the practical side of selling can vary quite a bit. Price, demand, preparation… even how long it takes to find…

Not every property inherited in Tenerife comes debt-free. Sometimes there’s a mortgage attached. Occasionally unpaid bills. And every now and then a few surprises appear during the paperwork stage. The important thing to understand is that inheritance in Spain includes both the assets and the liabilities. Here’s how that usually works. Do Debts Transfer to…

When several siblings inherit a property in Tenerife, things can get complicated surprisingly quickly. One person wants to sell.Another wants to keep the property.Someone else lives abroad and barely answers emails. It’s a situation that comes up quite often. Most families eventually work it out, but a bit of clarity early on can save a…

When someone dies, the last thing most people want to deal with is paperwork. But if the person owned property or assets in Tenerife, there are a few practical steps that need sorting out. It can feel overwhelming at first, particularly if you’re dealing with things from another country. The good news is the process…

A lot of Tenerife property owners live outside Spain. Which means it’s quite common for families in the UK, the US, or elsewhere in Europe to suddenly find themselves dealing with a Spanish inheritance. At first it can sound complicated. Different country, different rules, unfamiliar paperwork. In reality, it’s usually fairly manageable once you understand…

If you’ve inherited property or assets in Tenerife, the process can feel a bit overwhelming at first. There’s paperwork, tax filings, notaries… and usually a few documents you didn’t even know existed. The easiest way to handle it is simply to work through things step by step. Here’s a straightforward checklist that covers the essentials.…

If you’re dealing with an inheritance in Tenerife, one document tends to appear very early in the process. It’s called a Nota Simple. Put simply, it’s an extract from the Spanish Land Registry that shows the legal details of a property. Who owns it, whether there’s a mortgage attached, and if any legal issues exist.…