If a death goes unreported for 4 years, can you avoid inheritance tax in Spain?
NO!
Whilst some believe that the Spanish Tax Authority might have been easily fooled in the past, that is not the case now. The reality is that for a tax debt to be ’statute barred’, the period is longer than 4 years. Hacienda have strong and far-reaching investigative powers these days. Resources are very serious indeed about collecting Succession Tax when it is due. At Legal4spain, we would never recommend such evasive measures, simply because they are unwise, as well as unnecessary. There are totally legal and legitimate ways to reduce your tax exposure by planning ahead. Not to mention, the benefit of helping you sleep at night without fearing Hacienda’s knock at your door!
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