Checklist for heirs of a property in Fuerteventura
A practical guide prepared by Destiny Home for owners who need to manage and sell an inherited property on the island.
1. Initial documentation of the causer
Before initiating any procedure:
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Death certificate.
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Certificate of Last Will and Testament (Ministry of Justice).
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Authorized copy of the will (if any).
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If there is no will, prepare a declaration of intestate heirs before a notary public.
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DNI or NIE of the deceased.
2. Processing of the inheritance
To prove the hereditary ownership:
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Deed of acceptance and adjudication of inheritance before a notary in the Canary Islands.
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Inventory of inherited assets, including real estate.
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Tax or expert appraisal of the inherited property.
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Settlement of Inheritance and Gift Tax (ISD) at the Canary Islands Tax Agency.
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Allowances applicable according to degree of kinship.
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Payment of the municipal capital gain on inheritance (corresponding City Hall).
3. Registration and updating of the property
Once the inheritance has been accepted:
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Registration of the property in the name of the heir in the Land Registry of Fuerteventura.
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Updating of the Cadastre and IBI receipt.
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Request for energy certificate (mandatory to sell).
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Review of the legal and physical status of the property (mortgages, encumbrances, easements, etc.).
4. Preparation for sale
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Request a professional market valuation (Destiny Home offers this service).
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Gather the following documents for the sale:
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Registered deed of inheritance.
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Simple updated note.
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Last receipt of IBI and community of owners.
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Certificates of being up to date with water, electricity and garbage payments.
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Energy efficiency certificate.
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Photocopy of the DNI or NIE of the selling heirs.
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Decide whether it will be sold by all the heirs jointly or with power of attorney granted to one of them.
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If the heirs live outside of the Canary Islands or abroad, to manage signature by power of attorney.
5. Marketing with Destiny Home
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Signing of the exclusive sales mandate to ensure comprehensive management.
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Professional photographic report and virtual tour.
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Dissemination in national and international portals.
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Management of offers, negotiation and earnest money contract.
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Assistance in notarial signature of purchase and sale and secure collection.
6. Tax obligations after the sale
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To declare the capital gain in the IRPF (for the difference between the inheritance value and the sale price).
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Payment of the municipal capital gain on sale.
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Conservation of invoices for deductible expenses: notary, agency, renovations, taxes, fees.
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If there are several heirs, liquidate and distribute the net amount proportionally.
7. Additional Destiny Home services
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Complete legal and tax advice.
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Free appraisal of the inherited property.
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Coordination with notary’s office, registry and City Hall.
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Comprehensive management without the need for physical presence on the island.
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Multilingual assistance for heirs residing outside Spain.
