Can we pay taxes in kind?

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To settle the inheritance tax, can I provide a table?

It is possible to pay transfer taxes (inheritance and gift taxes), real estate tax and participation rights (paid to exit a co-ownership, for example in the case of divorce) free of charge by dación, that is, by the delivery to the State of certain assets.

These are works of art, books, collectibles and documents of high artistic or historical value. But also the buildings located in the intervention areas of the Conservatory of coastal space and lake shores, if their location and their ecological or landscape interest justify their conservation in their natural state. And forests, forests or natural spaces that can be incorporated into the forestry domain of the State.

approval required

This form of payment is exceptional and is subject to approval issued after a procedure. The taxpayer must send an offer to the tax authorities indicating the nature, acquisition conditions, value and location (in the case of buildings) of the property they intend to deliver.

The approval decision, adopted by the minister responsible for the budget, sets the release value of the goods offered in payment of duties. The applicant is free to accept the release value of the merchandise. In the absence of acceptance, the approval decision will be void. The applicant must then pay the fees plus late payment interest.