Information about Real Estate investing in France and Spain Inheritance Tax and Wills . A safe way to protect your property in Spain is to make a Spanish will. Spain will tax you for inheritance tax and donation tax when you die.
Inheritance taxes are due in the country of residence.
In other words, if you are a resident of Spain, your entire estate including your assets in the US will be taxed in Spain. Without a Spanish will the outcome of probate may be catastrophic. Taxes need to be paid within 6 months after the deceased died, although there are extensions. The best way to protect your assets is to make your will before you purchase real estate in Spain. Legal advise in this matter is strongly advisable.