Inheritance and succession in andorra heirs can withdraw money and / or assets?

In Andorra there is no tax on property obtained by inheritance subject to taxation at source of the assets located outside of Andorra.

Income Tax Act explicitly states that are not subject to tax and therefore are excluded from the scope of its income following:

• Capital gains that are made manifest transmissions lucrative death of the taxpayer, ie broadcasts hereditary succession.
• The acquisition of assets and rights to inheritance, legacy or other succession , as well as acquisitions of assets and rights by donation or any other legal business gratuitous amounts and perception by the beneficiaries of life insurance contracts, when the policyholder is a person other than the beneficiary.

The heirs may dispose of their legacy from the time it has concluded without any limitation or condition. The donations also are free of tax burdens.

If you have any questions about inheritance and succession contact team IS21 .