Inheriting and Selling Property in Tenerife – What You Need to Know
A Complete Guide to Inheriting and Selling Property in Tenerife
At Morfitt Properties, we regularly work with clients who have inherited property in Tenerife and are unsure of what comes next. If you’ve recently inherited a home, apartment, or land on the island, you may be wondering how to handle the legal formalities—and whether selling is the right option.
This guide explains the inheritance process in Tenerife and outlines how we can assist you in successfully transferring ownership and selling the property, even if you're based abroad.
1. The Inheritance Process in Tenerife: Step by Step
Before you can legally sell an inherited property in Tenerife, the estate must be fully transferred into your name. Here’s a simplified breakdown:
Obtain the Spanish death certificate, or legalize and translate a foreign one.
Verify or validate the will through a Spanish notary.
Secure the Certificate of Last Will and Testament (Certificado de Últimas Voluntades).
Sign the acceptance of inheritance deed (Escritura de Aceptación de Herencia).
Pay inheritance taxes (more favorable in the Canary Islands than mainland Spain).
Register the property in your name at the Spanish Land Registry.
This process involves coordination between notaries, tax offices, and registries—all of which must be handled in Spanish and in accordance with local regulations.
2. Inheritance Tax in the Tenerife
Compared to other regions in Spain, the Canary Islands offer more generous tax relief for close relatives. However, non-residents must be especially careful:
Spouses, children, and parents benefit from tax allowances.
Inheritance tax must be settled within six months of the date of death.
Late payment or incorrect declarations can lead to penalties.
At Morfitt Properties, we can connect you with local legal and tax experts to ensure the process is smooth, compliant, and efficient.
3. Selling an Inherited Property in Tenerife
Once the property is officially in your name, you are free to sell it—but there are important steps to follow:
Ensure the property is correctly registered** with the Land Registry and the Catastro.
Arrange a valuation to understand current market value.
Obtain mandatory documents, including an Energy Performance Certificate (EPC).
Work with a professional estate agent to market the property.
Pay the applicable taxes, such as the Plusvalía Municipal and capital gains (if applicable).
At Morfitt Properties, we handle every aspect of the property sale on your behalf—from **property listings and viewings to legal coordination and buyer negotiation**.
4. Why Choose Morfitt Properties?
With over 20 years of experience in the Tenerife real estate market, Morfitt Properties has guided countless clients through **inheritance and property sales** with transparency and care.
- Legal and notarial contacts for smooth inheritance processing
- Trusted sales agents with proven results in the South Tenerife market
- Remote handling possible with power of attorney — no need to travel
- Free property valuation and sales consultation
5. Frequently Asked Questions
Do I need to come to Tenerife to manage the inheritance or sale?
No. With a properly prepared power of attorney, we can manage the full process on your behalf.
What if the inherited property is shared among heirs?
We can assist in the process of negotiating, dividing, or jointly selling the property with other heirs.
How long does the process usually take?
Inheritance registration and tax settlement typically take 2–6 months. Property sales can vary depending on demand and condition.
Need Help Inheriting or Selling Property in Tenerife? Contact Us Today.
If you've inherited a property in Tenerife and want professional help managing the process—or you're ready to sell—**Morfitt Properties is here to help every step of the way.**
Call us: 0034 922 75 31 31 whatsapp 0034 617 367 419
Email:info@morfittpropertiestenerife.com
