How inheritance tax works in Gibraltar
Gibraltar does not impose a standalone inheritance tax or estate duty on assets passing at death. Estate duty was abolished with effect from 1 April 1997, and Gibraltar also has no general gift-tax regime.
The tax-free result does not remove the legal work. Executors and beneficiaries may need to deal with wills, probate, Gibraltar property, company shares, bank accounts, trusts and the location of each asset.
A foreign country can still tax the estate, the recipient or Gibraltar-situated property under its own rules. Gibraltar property transfers and other instruments can also attract stamp duty even though the succession itself is not subject to inheritance tax.
Tax rates at a glance
- Inheritance tax
- 0%Zero
- Estate duty
- 0%
- Gift tax
- 0%
- Probate tax
- No separate inheritance charge
Who benefits most
These profiles tend to benefit most when the rules match their real residence, payroll and business setup.
FamiliesHigh-net-worth individualsFamily officesProperty ownersFounders
Watch out for
- No Gibraltar inheritance tax does not prevent the UK, Spain or another country from taxing a worldwide estate, a beneficiary or property connected with that country.
- A will should cover Gibraltar bank accounts, property, company shares and digital assets, and should be coordinated with any foreign will to avoid conflicting revocation clauses.
- Transfers of Gibraltar real estate or instruments connected with it can still create stamp duty and registration costs, even where the transfer is part of succession administration.
Frequently asked questions
Does Gibraltar have inheritance tax?
No. Gibraltar does not impose a standalone inheritance tax on assets passing to heirs.
When was estate duty abolished in Gibraltar?
Estate duty was abolished in Gibraltar with effect from 1 April 1997.
Do heirs of Gibraltar property pay tax?
There is no Gibraltar inheritance tax, but property administration, registration or later transfer can involve costs, and another country may tax the property or the estate.