Lower Cost of Spanish Inheritance Tax in 8 Steps7. Do I still pay taxes if I inherit the family home?
If the property was the habitual home of the deceased then a special tax exemption exists for close family members. The exemption is currently worth approximately €122,000 or up to 95% of the value of the property.
There are strict rules governing what constitutes ‘habitual’ residence and the property may not then be re-sold for a period of 10 years.