Although this blog aims to cover everything related to inheritances in Seville, we're going to briefly address a situation that has occurred in recent days, which is... Donation from parents to children for the acquisition of the latter's first home.
There is a tax credit or reduction on Inheritance and Gift Tax of up to 99% and a limit of up to €120,000. This means nothing more and nothing less., that a father can donate to his son an amount of up to €120,000 without this implying a tax payment of more than €100-150 in taxes. This is a very important tax advantage, because before this reform, the costs of a donation were between 10 and 30 percent of the amount donated, depending on the amount donated, meaning that for an amount of €100,000 it meant almost €10,000 in taxes.
If that's your case, We can prepare it for you donation agreement From Father to Son for the acquisition of his first home. Be careful with the requirements; not everything goes.
We are conducting a personal "assessment" of all clients who are acquiring their first home in Seville, considering their age, situation, possible donation from parents, etc., as there are many tax benefits that currently exist that they can take advantage of.
Don't hesitate to contact us, Any information request will be answered free of charge and without any obligation.. Call us on 954368804 or contact us by email at office@gestduque.com.
Signed: gestduque, www.gestduque.com, office@gestduque.com, 954368804