Inheritance tax

[benimar_col]

Can i add my children to my deeds ?

If yes, at what age do they have to be ?

What would the children then have to pay for being on the deeds other than NEI fees ?

Adding them to the deeds now would this make them exempt from any inheritance tax in the future ?

If yes, how long do they have to be on the deeds before being exempt ?


thanks in advance

[Expert advisor]

Inheritance tax

Assuming that you are non-resident in the Valencia region, please note the answer to your queries:

1.Yes, you can add your children to your Title Deeds
2.You can include them at any age by means of a sale or a donation. In case they were under age, they would have to be represented by their parents and the property would have to be free of any charges.
3.If they are added by selling them part of the house, they will pay 7% of Transmission tax. Should it be by donation, the tax would be 9% whenever certain capital is not exceeded.
4.They would have to pay inheritance tax on the share they inherit.