We know that the meaning of receiving an inheritance is not good news since it involves the loss of a loved one. In addition, the costs that we must bear for receiving it can be very high. When receiving an inheritance, we must face a series of expenses that in most cases cannot be met and that is why many people decide to reject an inheritance. Last year alone, the Spaniards received almost 430,000 inheritances and almost 47,000 were rejected, according to data from the National Statistics Institute.
Request a loan to pay for the acceptance of an inheritance
Given this type of situation, one of the most appropriate options to which we can resort is to request an inheritance loan to pay taxes and thus accept inheritance and not give up family assets. And we not only have to take into account the amount of taxes to be paid, but we also have a deadline to pay it.
If we do not meet the payment term, the final amount will be increased depending on the time it takes to make payments. It is possible to request a deferral of inheritance tax, however, we must bear in mind the interest payment that this entails.
That is why applying for a quick loan to pay the taxes and expenses that the acceptance of an inheritance implies is a form of immediate and secure financing to avoid the renunciation of the inheritance.
What type of tax should be paid when receiving an inheritance?
The so-called inheritance and donation tax must be paid. This tax is the direct tax that taxes the capital increase that comes from the good received, either by an inheritance, or by a donation. The difference between inheritance and donation is that inheritance is a transmission of rights and obligations (assets and debts) that a person had at the time of death. However, donation is the transmission of a good from one person to another in life.
The amount of inheritance tax payable is different depending on each autonomous community and of course the value of the goods received. For example, a person inherits 800,000 of which 200,000 are from a home because if they reside in the Valencian Community they will have to pay approximately 60,000 dollars, however, if they reside in the Canary Islands, they would pay approximately 130 dollars.
It should be taken into account that, if the inheritance includes a dwelling, garage or premises, for example, the municipal capital gains tax would also have to be paid.
What happens to debts that are inherited?
Unfortunately, debts are also inherited. It is recommended that, in case of doubts about inherited debts, the beneficiaries request information on the situation of the bank accounts of the deceased person at the Central de Risks of the Bank so that they can offer them all kinds of information and check if there is any type of payment pending.
You can also resort to the request for a loan to be able to pay not only taxes, but also possible debts and also not give up the inheritance.
Inheritance management and procedures
And what happens with the whole bureaucratic process? A series of procedures must also be carried out against the acceptance of an inheritance. We recommend contacting professionals who can advise on the entire process, including the inheritance process.
- Obtaining the death certificate
- Application for the certificate of last wills and insurance contracts
- Verification of the existence of a will and request of a copy authorized by the notary
- Inventory of assets and debts
- Settlement and distribution of inheritance
- Payment of inheritance tax and / or municipal capital gains tax in the case of housing, garages, premises …
If you need urgent money to cover the costs of an inheritance and the complete management of the procedure, do not hesitate to contact us so we can help you. In 48 hours you can have an immediate credit to help you cope with this situation. We specialize in inheritance and donations, cancellation of charges, we provide the death certificate and last wishes, among other procedures.
Do not worry if you are in the list of delinquents of type, your multidisciplinary consultancy, you can apply for any type of loan because we trust our clients.