Welcome to Just Answer. My name is ***** ***** it will be my pleasure to assist you with your tax question today.Inheritance
and Gift Tax
(IGT) is payable by the recipient (your daughter) of the assets
of between 7.65% and 34%. Residents are taxed on their worldwide assets and non-residents are only taxed on the assets and/or rights located in Spain. The amount of tax paid depends upon the value of assets received. Tax rates
are subject to a further multiplication factor (ranging from 0.5 to 1.4) based on the relationship of the recipient to the donor or deceased, and the existing wealth of the recipient.
Although IGT is controlled by each Autonomous Community, there has been a general trend towards full or almost full exemption in recent years for Spanish resident taxpayers making transfers to descendents and spouses. These improvements may be extended to non-residents under pressure from the EU.
Please let me know if you require further information or clarification.
Thank you and best regards,