Inheritance and Gifts

Succession and transfer of company shares and business assets. We support partners and business owners in planning the continuity of the family business with professionalism and rigour.

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Full succession administration

At JAIZME we offer a comprehensive advisory service for the succession and transfer of business assets and company shares. From accepting the inheritance to settling the Inheritance Tax, we handle every formality so business owners and partners can keep their focus on running the company.

  • Complete processing of business successions
  • Inheritance Tax filing
  • Division and allocation of business assets
  • Advance succession planning for the family business
  • Lifetime transfer of company shares with tax optimisation
  • Protocols and succession agreements
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Full succession administration
Advantages for you

Tax benefits in the Canary Islands

The Canary Islands offers significant allowances on Inheritance and Gift Tax that can substantially reduce the tax burden when transferring a business. Our experts have a detailed knowledge of these advantages and help business owners and partners make the most of them within the legal framework.

  • Allowances of up to 99.9% on inheritances
  • Reductions based on kinship
  • Planning to minimise taxes
  • Expertise in regional regulations
  • Preventive advice
Tax benefits in the Canary Islands
Business succession planning

Lifetime gifts

Gifts can be a very useful tool for business and succession planning. They allow company shares and business assets to be transferred during the owner's lifetime, take advantage of tax benefits and avoid future conflicts between partners and heirs. We advise you on the best strategy for your business.

  • Gifting of business premises and assets
  • Gifting of company shares
  • Succession agreements between partners
  • Tax optimisation of the transfer
  • Protection of the donor
  • Coordination with the family protocol
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Lifetime gifts

Frequently Asked Questions

How much Inheritance Tax do you pay in the Canary Islands?

The Canary Islands offers allowances of up to 99.9% on Inheritance Tax for Group I and II heirs (descendants, ascendants and spouse). In practice, this means that most inheritances between direct family members carry a very low tax burden.

What is the deadline to accept an inheritance?

The deadline to file the Inheritance Tax return is 6 months from the date of death. This period can be extended for a further 6 months if requested within the first 5 months. We recommend not waiting until the last moment.

Can I renounce an inheritance?

Yes, it is possible to renounce an inheritance. The renunciation must be made expressly before a notary. It can be useful when the inheritance includes debts exceeding the value of the assets, or for tax planning across generations.

Is it better to gift assets during your lifetime or leave an inheritance?

It depends on each individual situation. Lifetime gifts allow you to control the transfer and see how the assets are managed. In the Canary Islands, both gifts and inheritances enjoy significant tax benefits. A personalised analysis will determine the most favourable option.

What documents do I need to process an inheritance?

The basic documents are: death certificate, certificate of last wills, the will (if one exists), the ID of the deceased and the heirs, title deeds to the assets and banking documentation. We help you gather all the required documentation.

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Plan your business succession with experts

We help you manage the transfer of company shares and business assets efficiently and securely.

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Phone 922 82 18 77
Email info@jaizme.com
Address C/ Castillo 15 1 Planta, Santa Cruz de Tenerife