Dear Sir/MadamI have an apartment in Spain in both my wife and my name, My wife passed away Christmas Eve 2011, do I have to pay any tax onchanging the apartment name to our children.You advise would be appreciated.Thanking you for your timeRegards XXXXX XXXXX Fearn
Hi Sir, the kids have to pay 3 taxes
First one, its the transmission tax, has to be pay at the tax agency of the comunidad autonoma
How they are the sons the most of comunidades autonomas have 99 percent of the tax off
Second one Its the plusvalue in the city village
Has to be paid for the kids, and there are no reduccionts
The thirdth one its on personal taxes if your sons pays taxes in spain
If the do not pay taxes here they do not have to pay for it
In short your kids have to pay, the transmision tax, the plusvalue tax in the city village, and the cost of notario and the real state register
You have 30 days to pay since the decease, and if you do not pay you could get a fine if the tax agency ask for the money, but if they do nos ask for the money in 5 years time, you do not have to pay anything
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