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 following goods are excluded from the exemption from duties and taxes on imports:
- Alcoholic products, tobacco and tobacco products,
- Commercial means of transport,
- Professional materials, other than portable instruments of mechanical or liberal arts that were necessary for the exercise of the profession of the deceased,
- Stocks of raw materials and finished or semi-finished products
- livestock and stocks of agricultural products that exceed the quantities corresponding to a normal family supply.
The following requirements must be met to obtain the exemption:
- That the heir importing the goods has his 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 (final termination of the succession).
The import may be carried out, within the specified period, in one or more times.
Legal persons carrying out a non-profit activity and established in the customs territory of the Community may opt for duty-free importation of personal property received by way of testamentary succession.
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 property is considered to be that which is intended for the personal use of the interested parties or for the needs of their home and which is part of the deceased's inheritance. The following also constitute personal property:
- The effects and furniture.
- Provisions corresponding to normal family supplies.
- Domestic animals that can live in the home and those that can be ridden.
- Portable instruments of mechanical or liberal arts, necessary for the exercise of the interested party's profession.
- Bicycles and motorcycles, privately-used motor vehicles and their trailers, camping caravans, recreational boats and privately-used aircraft.