Inheritance and donation

Is it the same to receive an inheritance as to receive a donation in Spain?

What are the main differences?

What is best for me and my family?

In Spain, it is not the same as to receive an inheritance as to receive a donation and the cost varies depending on province or region where the donor and beneficiary live.

Each autonomous community has comprehensive legislation and they apply taxes on inheritances and donations differently.

For example, in other communities, the taxes to be paid for inheritance are usually minimal, however in other communities, the state laws apply, and these only contemplate state reductions. This is the same both in the case of donations.

There is no general rule for Spain as a whole. Therefore in a case of inheritance or donation with similar circumstances, where the same family members inherit or receive a donation of the same goods or assets, the tax to be paid would be totally different depending on the residence of the donor and beneficiary. This also varies depending on where the assets are located or assets.