Transfer of business activity, residence and others
How to obtain import duty and tax exemption for professionals and individuals
Inheritances. Tax relief and exemptions
Yes. The importation of the following goods is excluded from the exemption of duties and taxes:
- Alcoholic products, tobacco and manufactured tobacco,
- commercial means of transport,
- Materials for professional use, other than portable instruments of mechanical or liberal arts that were necessary for the exercise of the deceased's profession,
- Stocks of raw materials and processed or semi-finished products
- livestock and stocks of agricultural products that exceed the quantities corresponding to normal family supplies.
The following requirements are required to obtain the exemption:
- That the heir who imports the goods has residence in a country of the European Union.
- That the assets are exclusively personal.
- That personal assets be declared for free circulation within a period of TWO years from the date of access to ownership of the assets (definitive termination of the succession).
The importation may be carried out, within the established period, once or several times.
Legal persons that carry out a non-profit activity and are established in the customs territory of the Community, may opt for importation free of import duties on personal goods received through Probate.
Personal assets received by legal or testamentary succession from a natural person who has their normal residence in the customs territory of the European Union will be admitted free of import duties and VAT exemption.
Personal assets are considered to be those intended for the personal use of the interested parties or for the needs of their home and that form part of the deceased's inheritance. The following also constitute personal property:
- The effects and furniture.
- The provisions that correspond to normal family supplies.
- Domestic animals that can live together in the home and saddle animals.
- Portable instruments of mechanical or liberal arts, necessary for the exercise of the profession of the interested party.
- Bicycles and motorcycles, motor vehicles for private use and their trailers, camping caravans, recreational boats and airplanes for private use.