The Canary Islands offer one of the most favourable inheritance environments in Europe. For many families, Tenerife is not only a wonderful place to live but also an ideal location to pass wealth to the next generation. Here’s why.
1. 99.9% Inheritance Tax Reduction
Close relatives now pay almost no inheritance tax thanks to generous regional reductions. This makes Tenerife more attractive than most of mainland Spain and many EU countries.
2. Strong Legal Protections
Spanish law provides clear rules for inheritance, property rights, and estate protection. Families benefit from a transparent, regulated process.
3. Option to Use Your National Law
Expats can choose the inheritance law of their home country, giving full control over who inherits their assets.
4. A Popular Destination for International Families
Many families already have homes or long-term ties to the island, making inheritance planning straightforward and familiar.
5. Smooth Cross-Border Support
Local professionals are experienced in handling UK, Irish, German and Scandinavian cases, making Tenerife one of the easiest regions for international inheritance.
With almost no inheritance tax, strong legal frameworks and experienced support, Tenerife stands out as a smart place to plan for the future.
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