How much do you have to pay the Treasury for inheriting a home?
Inheriting a house is something that happens very frequently, especially when a transmission from parents to children occurs. It is a type of succession that entails a series of specific procedures in taxes that you should know so that no breach of your part occurs.
Therefore, we tell you all the details about the cost of the inheritance of a home: from how much you pay to the Treasury for inheritance to what are the taxes to face, through the deadlines you must respect and the payment options that exist.
The first thing you should be clear about is the taxes that are paid when inheriting a home:
Inheritance tax
The succession tax taxes the acquisition of goods and rights through inheritance, legacy or any other succession title. In this case, the taxpayer, that is, the person obliged to pay the tax, is the person who inherits the property.
The configuration of this tax is scalable, so that it is paid more when the value of the inherited is greater. Of course, there are important bonuses the greater the degree of kinship, as well as in case of certain personal characteristics of the receiver or of the good.
In the inheritance of housing, the Inheritance Tax is settled in the Autonomous Community where the deceased resided, regardless of where the heirs or the location of the property live. In addition, the deadline to pay it is six months since the death of the deceased, being able to request a single extension for a period of another six months.
Municipal surplus value
The second tax you must face if you inherit a house is the municipal surplus value. This tax is regulated at the local level and is applied in those cases where there is an increase in value of said land. It should be noted that his fertilizer corresponds to who receives good.
In case of inheritance, the deadline to pay the municipal surplus value is six months from the date of death, a period that can be extended for another six months if notified in time.
IRPF
In the case of IRPF, in real estate transmissions via inheritance, the heir should not pay anything. Yes, the donation of a property will be subject, although in this case the taxpayer will be the one who donates the house and not the donor.
In case of selling an inherited house, you must declare the patrimonial gain obtained with this operation.
How much do I have to pay the Treasury for an inheritance?
If you wonder how much money remains the farm for the inheritance of a house, the answer is that it is very difficult to talk about a specific amount or percentage. There are many factors to take into account, such as the value of the property, the autonomous community in which the inheritance occurs, the degree of kinship between heir and cause ...
In addition, we must assess that there are important differences between autonomous communities for the same assumption. In general, there is a tendency towards the elimination of inheritance and donations tax due to the application of important bonuses and reductions in many communities. These criteria can help you:
The higher the value of the property, the more likely you have to pay a high amount. Normally, there are different sections to which different types are applied that are progressively raised.
The higher the degree of kinship, the lower your fiscal invoice when inheriting a property. The same applies to the reverse.
The inheritance of a habitual home will normally pay less than the inheritance of a second home.
Certain personal circumstances of the heir (for example, the existence of some degree of disability) can mean greater bonuses.
How much is paid for an inheritance from parents to children?
The inheritance of parents to children are one of the most privileged from the fiscal point of view. In general, all autonomous communities offer very generous bonuses in these cases, especially when transmission is carried out towards children under 21 years.
If you are going to inherit a property whose property belongs to your parents, it is important that you report the exact amount of taxes that you will have to pay, but, in general, the sum is likely to be reduced. In practice, in many autonomous communities you will not have to pay anything or almost anything for succession tax if you inherit a property of your parents.
So you can easily consult how much you will pay for your inheritance, keep in mind that these are the two possible groups in which you can integrate as a descendant:
Group 1: All those descendants and adopted under 21 years
Group 2: Descendants and adopted over 21, spouses, ascendants and adopters
How much is paid for an inheritance from grandparents to grandchildren?
The inheritance of grandparents to grandchildren may have lace both in group 1 (descendants and adopted under 21 years) and in group 2 (descendants and adopted over 21 years, spouses, ascendants and adopters), depending on the age of the age of the age of heir. If the grandson is under 21 years, it will fit in group 1, and if it exceeds that age, in group 2.
Therefore, the taxation of grandparents' inheritances to grandchildren will be quite privileged if we take into account that the majority of autonomous communities provide important bonuses, or even exemptions from the Inheritance Tax, for both groups.
To calculate the tax fee of the Inheritance Tax you must multiply the full fee of the tax, by the multiplier coefficient applicable in each case (groups 1 and 2 enjoy, in the absence of autonomic norm, of the lowest multiplier coefficient, between 1 and 1.2 %).
This will obtain the corresponding tax quota, to which it is possible to apply regional bonuses and reductions that could lead to a quota equal to zero, especially if the value of the inheritance is reduced.
How to inherit a house without paying taxes?
If you wonder if you can inherit a house without paying taxes, you can not like this obligation, unless there are tax advantages that allow you to be totally exempt. That is why prior tax planning is so important by the deceased. However, there are some tools that can help:
Using money inherited to pay inheritance taxes: if you do not have sufficient resources to pay the taxes associated with inheritance, the Inheritance Tax Regulation allows you to use the money inherited to pay this fiscal invoice (article 80.3).
Pay in installments: it is possible to divide the payment of the taxes associated with the inheritance. For example, in terms of inheritance, you can not only delay the moment of the presentation of the corresponding model, but also divide the payment (in some cases, for a period of up to 5 years). Keep in mind that, in the case of self -liquidations, the application for subdivision must be submitted before the course of 5 months to the death of the deceased, and in the case of liquidations issued by the Administration, before the end of the period of admission to period volunteer.
Request financing: there will always be the option of requesting a loan from a banking entity so as not to give up inherited housing, either in a personal loan or mortgage guarantee.
