Worldwide tax system, Wealth tax: ERV beneficiaries must pay IVAFE (0.2% on foreign financial assets) and IVIE (0.76% on foreign real estate), Inheritance and gift taxes apply to worldwide assets if you’re a resident, with rates ranging from 4% to 8% depending on the relationship to the deceased or donor. Spouses, children, and parents benefit from a €1 million exemption each, while siblings have a €100,000 exemption, and unrelated individuals receive no exemption.