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Taxes you must pay in Spain when gifting a property

Both the donor and the beneficiary will have to pay some taxes in Spain

Until recently, donating real estate to a relative or friend was a pretty unusual practice in Spain. In 2021, just 8,713 homes were gifted to loved ones, a drop in the ocean within the property market in general.

However, a real change has come about since several regions like Andalucía and Madrid have adopted new tax laws which suppress inheritance and gift tax, making it a lot cheaper to donate a property.

Receiving a property as a gift is very different to inheriting one, since in the case of a donation both parties are still alive. Nevertheless, both are governed by the Inheritance and Donation Tax Law and in Spain, both the donor and the beneficiary will have to pay some expenses.

Taxes paid by the donor:

Taxes paid by the beneficiary:

Gift tax (in several regions in Spain this is now zero)

Additional expenses:

Lawyer’s fees
Notary fees
Land registry fees

The experienced team at Abad Abogados will gladly assist you to re-arrange your property ownership by way of gifting it.

Voted Best Lawyer in Tax Law for 2024, the English-speaking law firm has 25 years of experience and offices are conveniently located in some of the busiest expat areas of Spain.

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Abad Abogados English-speaking lawyers in Murcia and Los Alcazares

Address

Avenida de la Libertad Edificio Europa no. 301, 2nd Floor, Business Premise No. I, 30710, Los Alcazares, Murcia

Tel: +34 968 58 30 53

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Specialists in Conveyancing, Property Law, taxes, probate and residency in Murcia

Abad & Asociados Abogados y Economistas, S.R.L. is a firm of English-speaking lawyers and accountants founded in 1996 in Murcia by Isaac Abad, winner of the “Best Lawyer 2022” award in Tax Law in Murcia granted by “Best Lawyers”.

The Abad Abogados Murcia law firm specialises in offering innovative legal solutions to its clients, prioritising quality, satisfaction and success. With offices in central locations in Murcia city, Los Alcázares and La Zenia in Orihuela Costa, Alicante, it is easy for expats and foreign citizens abroad in Spain to access the legal services they need.

The team at Abad can help you with any issues relating to Real Estate and Property law, Taxation, Litigations and Commercial law in Spain. From getting a NIE number in order to Abad Abogados English-speaking lawyers in Murcia and Los Alcazares

be able to undertake official paperwork in Spain, to completing your residency and visa requirements, they are there to ease every step of the move to Spain for people wanting to come and live in the country.

They can also handle any resident and non-resident tax declarations in Spain, including property taxes and issues surrounding double taxation across international borders, as well as inheritance tax and wills.

Whether you want to formally register your own business in Spain, take someone to court or face being taken to court yourself for whatever reason, Abad & Associates will be by your side.

Their unqualified successes in helping clients navigate these issues have made Abad Abogados one of the leading firms of Lawyers and Accountants and Tax Advisors in the Region of Murcia and in Alicante province.