Upon receiving an inheritance, the heirs have to deal with some procedures between them to present the settlement of the Inheritance Tax. As with all tax obligations, the Tax Administration establishes some deadlines for paying said tax And in the case of Doing it later than allowed taxpayers face surcharges and even sanctions.
He Deadline for liquidating the inheritance tax for receiving an inheritance is 6 months, and from there the Tax Administration of each Autonomous Community will charge the appropriate surcharges.
In the case of this tax, it is assigned to the Autonomous Communities, so these will be responsible for managing it. It is for this reason, that depending on the place of residence some heirs, depending on the degree of kinship with the deceased are exempt from the payment of the same or only have to pay for a symbolic amount.
Sanctions and surcharges for submitting the succession tax off
The first thing that the heirs must be clear is that they will have a period of 6 months from the date of death to present the settlement of the inheritance tax. Nevertheless, A postponement can be requested, for which the request will have to be made before the fifth month.
That these deadlines are exceeded does not mean that the heir can no longer present the liquidation, can do so, but will have to face Surcharges which are included in article 27 of the General Tax Law:
- The surcharge will be a percentage equal to 1% plus another additional 1% for each full month of delay (it will exclude the sanctions that could have been demanded and the interest interest)
- After 12 months since the term of the term established for the presentation, the surcharge will be 15 percent (it will exclude the sanctions that could have been demanded and also add interest interest).
In case that The heir does not present the liquidation of the tax and do not deal with the payment of the same, it is considered a tax infraction, and is a reason for sanction. The Fines will vary depending on the seriousness of the same, oscillating between 50% and 150% of the unstalled quantityas included in the General Tax Law.