¿What taxes will my inheritance have to pay?? ¿How are my inheritance taxes calculated?? ¿How and when do taxes have to be paid? What about my inheritance in Seville? … These are very common questions we receive from heirs. First of all, it's important to note that, as we mentioned in the previous post, taxes are determined based on the size of the estate, meaning that My inheritance taxes will depend on the total value of the assets to be inherited..
There are various exemptions, deductions, etc… which will allow us to reduce the tax amounts, but it is always advisable to make a detailed calculation of everything. As an example, for an inheritance in Seville, upon the death of a father or mother with one or two children, the estate would need to be worth more than €350,000 to be taxable; that is, all the assets to be inherited would have to add up to more than the indicated amount. In an average family, inheritances in Seville are usually tax-exempt, but you should always do the calculations carefully and not take anything for granted. This is a link to the website of the Andalusian Regional Government., where they "explain" everything related to inheritance tax in Seville. As usual, it's quite difficult to understand everything they explain to us.
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