Tax experts warn: "Inheriting a home is usually better than receiving it as a gift during the owner's lifetime"

Tax advisers say inheriting a home in Spain is often more tax-efficient than gifting it during the owner’s lifetime.

At death, the property’s accrued capital gain generally falls outside personal income tax, easing the tax burden for heirs.

By contrast, a lifetime donation can trigger tax on the property’s revaluation, making it more expensive in many cases.

There are exceptions: cash gifts and some transfers involving parents over 65 can offer specific tax advantages.