Do I have to pay inheritance tax in Tenerife?

Most close relatives receive a 99.9% inheritance tax reduction in Tenerife. This means spouses, children, parents, siblings and grandchildren usually pay almost no tax.

Do I need to travel to Tenerife to complete an inheritance?

No. Most heirs sign a Power of Attorney and the entire process can be completed without travelling to Tenerife.

How long does Tenerife inheritance take?

Most Tenerife inheritance cases take between 1 and 3 months if the death occurred in Spain, or 3 to 6 months if it occurred abroad.

Can I sell an inherited property in Tenerife?

Yes, but only after the inheritance deed has been signed and the property is registered in the heirs' names. All heirs must agree to the sale.

What documents do I need for a Tenerife inheritance?

You need a death certificate, Certificate of Last Wills, the will (if any), passports, NIE numbers, property deeds, and bank information where applicable.

Selling an Inherited Property in Tenerife: What You Need to Know

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 Away?

Only after the inheritance process is completed. This means the notary has finalised the inheritance deed, taxes have been filed, and the property has been registered in the heirs’ names. Once this is done, the property can be sold immediately.

Documents Required for Selling

Inheritance deed
NIE numbers of all heirs
Updated property deed
Latest IBI tax receipt
Energy certificate (mandatory for all sales)
Utility details

Taxes You May Need to Pay When Selling

Selling an inherited property does not create inheritance tax, but it may involve other taxes:

Capital Gains Tax – Paid by non-residents on the profit from the sale.
Plusvalía Municipal – Local tax based on land value increases.
3% Withholding (for non-residents) – Retained by the buyer and paid to Spanish tax authorities.

Selling When Multiple Heirs Are Involved

All heirs must agree to the sale. If one heir refuses, the process can stall. In some cases, the property can be “divided” legally, but this takes time and money. Most families resolve this through negotiation.

How Long Does It Take to Sell?

Once probate is complete, the property can be listed immediately. The sale timeline depends on location, condition, price, and demand — Tenerife’s south generally sells faster than the north.

Should You Make Repairs Before Selling?

Many inherited properties are older, empty, or need basic repairs. Small improvements such as cleaning, painting, fixing damp patches and clearing furniture can significantly increase the sale price.

Need Help Selling an Inherited Property?

If you’ve inherited a property in Tenerife and are thinking about selling, getting early guidance helps you avoid delays and understand all costs. Local agents can also assist with valuations, marketing, and preparing the property for sale.