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26 Sep

Inheritance & donation taxes partly disappear Featured


Great news for Andalusian residents (Spanish and foreigners), from 1 January 2018, inheritance and donations tax, with several limitations, will be exempt when the estate received by each heir is valued in a million euros or less. Until now and the rest of 2017, such exemption only reached €250,000.

Ascending and descending relatives such as fathers, sons and grandchildren and also spouses will qualify for such benefits.

Pre-existing wealth in Spain per heir, when inheriting, is another matter to take into account.

Donations from parents to children up to one million euros will also be exempt as long as its purpose is the creation of jobs or companies or to extend existing business.

Last modified on Wednesday, 20 February 2019 17:08