Author: simonsg44

Plusvalía Municipal is a local tax paid when property ownership changes in Tenerife. Even if inheritance tax is almost zero, Plusvalía is still required. This guide explains what it is, how it’s calculated, and when you need to pay it. What Is Plusvalía Municipal? Plusvalía is a town hall tax based on the increase in…

If you’re inheriting property in Tenerife, it’s important to understand the costs involved. Even though inheritance tax is almost zero for most families, there are still other expenses you need to plan for. This guide explains each cost clearly so there are no surprises. 1. Notary Fees Every inheritance in Spain must be signed at…

If you’ve inherited property in Tenerife, the process for selling it depends on whether it’s an apartment or a villa. Both follow the same legal steps, but practical differences can affect price, demand, taxes and the time it takes to sell. This guide explains everything in plain English. The Main Legal Steps Are the Same…

Not all inherited properties in Tenerife are debt-free. Mortgages, personal loans and unpaid bills can all transfer to the heirs. This guide explains what happens to debts when you inherit property and what options you have. Do Debts Transfer to Heirs? Yes — when you accept an inheritance in Tenerife, you accept both the assets…

When several siblings inherit a property in Tenerife, disagreements can quickly appear — especially when some live abroad, others want to sell, or someone wants to keep the home. This guide explains how shared inheritance works and how to avoid common issues. All Heirs Must Agree to Sell Spanish law requires unanimous agreement from all…

Losing someone is difficult, and dealing with practical matters afterward can feel overwhelming — especially if you’re abroad or unfamiliar with the Spanish system. This guide explains in simple terms what you need to do when someone passes away in Tenerife. Step 1: Obtain the Death Certificate If the death occurred in Tenerife, the local…

Many people inherit Tenerife property while living abroad. Whether you’re based in the UK, USA or elsewhere in Europe, the process is manageable — but there are important rules to understand. This guide explains how inheritance works for non-residents and what tax you may need to pay. Do Non-Residents Need to Pay Inheritance Tax in…

If you’ve inherited property or assets in Tenerife, the process can feel overwhelming. This simple checklist helps you understand exactly what needs to be done, when to do it, and which documents are required. You can print or save this as a quick reference. Your Tenerife Inheritance Checklist ✔ Death Certificate (apostilled and translated if…

A Nota Simple is one of the most important documents you will need when dealing with an inheritance in Tenerife. It is an official extract from the Spanish Land Registry that confirms who owns the property, whether mortgages exist, and if there are legal issues affecting the home. This guide explains how to get a…

Many people who inherit property in Tenerife decide to sell it, often because they live abroad, prefer a simple solution, or want to divide the inheritance between family members. This guide explains the process, the taxes involved, and what to expect when selling an inherited property in Tenerife. Can You Sell an Inherited Property Straight…