GENERAL REDUCTIONS OF OUR
INHERITANCE (GENERAL CHARACTER – STATE)
Acquisitions mortis causa
Reduction due to kinship with the
causative [according to the Group to which it belongs].
function of the kinship group to which the passive subject belongs:
Acquisitions by descendants and adopted persons under twenty-one years of age: 15,956.87
euros, plus 3,990.72 euros for each year under twenty-one that the
successor in title without the reduction being able to exceed 47,858.59 euros.
Acquisitions by descendants and adopted children aged twenty-one or over, spouses,
ascendants and adoptive parents: 15,956.87 euros.
Acquisitions by second and third degree collateral relatives, ascendants and
descendants by affinity: 7,993.46 euros.
Acquisitions through fourth-degree collateral relatives (cousins), more distant degrees and
strangers; there is no room for reduction.
Reduction for disability.
The
people who are legally considered disabled, with a degree of
disability equal to or greater than 33 percent and less than 65 percent, of
in accordance with the scale referred to in Article 148 of the consolidated text of
The General Social Security Law; approved by Royal Legislative Decree
1/1994, of June 20, will apply a reduction of 47,858.59 euros;
the reduction will be of 150,253.03 euros for those people
that, in accordance with the aforementioned regulations, demonstrate a degree of
disability equal to or greater than 65 percent.
Reduction for insurance perception.
For
insurance benefits whose beneficiaries are spouse, ascendant,
If the deceased's descendant, adopted child, or adoptive parent is a descendant, a reduction will be granted. 100
per 100 of the amounts received with a limit of 9,195.49 euros.
Reduction for company acquisition
individual, professional practice, or holdings in entities. (*)
Reduction
of the 95% by acquisition mortis causa of a sole proprietorship,
professional business or holdings in entities (exempt according to art.
4.8 Law 19/1991 of IP), by spouses, descendants or adopted children of the deceased
(or if these do not exist, by ascendants, adoptive parents and collateral relatives,
up to the third degree), provided that the reduction is maintained for the ten
years following the death of the deceased.
Reduction for home purchase
usual. (*)
Reduction
of the 95% through acquisition of the main residence through inheritance
of the deceased, by spouse, ascendants or descendants, or collateral relatives
over sixty-five years of age who had lived with the deceased during the
two years prior to death, with a limit of 122,606.47 euros.
Maintenance requirement 10 years.
Reduction for acquisition of goods
members of the Historical Heritage.
Reduction
of the 95% by acquisition mortis causa of assets forming part of
Spanish Historical Heritage or the Historical or Cultural Heritage of the
Autonomous Communities, by spouse, descendants or adopted children of the deceased.
Maintenance requirement 10 years. Reduction of 95% for mortis acquisition
cause of assets forming part of the Spanish Historical Heritage or of the Historical Heritage
or Cultural Heritage of the Autonomous Communities, by spouse, descendants or adopted children
of the deceased. Maintenance requirement 10 years.
Reduction for consecutive transmission
mortis causa of the same assets.
Yeah
the same goods were subject to two or more within a maximum period of ten years
transfers mortis causa in favor of descendants, in the second and
The amount paid for the tax on the transfers is subsequently determined.
precedents.
Reduction for acquisition of
agricultural holdings.
· 90%.
Complete transfer of the business, carried out in favor of or by the owner of
another Priority Agricultural Holding (100% if the purchaser is
a young farmer or an agricultural wage earner).
Partial transfer of farms and rural properties in favor of a single owner
of a Priority Agricultural Holding (85% if the purchaser
is a young farmer or an agricultural wage earner).
Transfer of land to complete under a single boundary the 50% or more of the
surface area of a farm.
REGIONAL REDUCTIONS AND IMPROVEMENTS
STATE REDUCTIONS
(Andalusian Regional Government)
In general
1. Improvement of taxable base reductions through
equivalencies.
· Equal treatment of registered domestic partnerships
Registration of Civil Partnerships of the Autonomous Community to marriages.
· Equal treatment of persons under foster care
permanent or pre-adoptive family member to the adopted.
· Equal treatment of people who perform a
permanent or pre-adoptive family foster care for adoptive parents.
Acquisitions mortis causa
1. Improvement of the
reduction of the taxable base for the acquisition mortis causa of housing
usual.
percentage amounts to 99,99 % when the property transferred
has constituted the habitual residence of the acquirer at the time of
death of the deceased.
2. Reduction
regional for spouse and direct relatives when the value of the assets and
acquired rights do not exceed €175,000.
The
The reduction will consist of a variable amount, the application of which determines a
taxable base of zero amount. For
Let's understand, if the sum of the assets we have to inherit is more than
That amount, our settlement will be reduced by the amount of that amount.
which we inherited, so our settlement comes out to ZERO EUROS. Just because it comes out to zero doesn't mean it doesn't.
We have to submit it, because if we don't we can be fined.
· Taxpayers included in kinship groups
I and II
· If your pre-existing assets are included in the
first section of the scale established in article 22 of the Tax Law
of Successions and Donations.
3. Improvement
regional in the reduction of the tax base corresponding to the
acquisitions mortis causa by passive subjects with disabilities.
application determines a taxable base of zero amount.
to 33%
· When the taxable base does not exceed 250,000
· The passive subjects belonging to groups III and
IV of kinship must be included in the first section of assets
pre-existing (of
402.678,11 €)
4. Improvement
regional government in the reduction for acquisition mortis causa of an individual business,
professional business and holdings in entities.
reference to article 20.2.c) of Law 29/1987, on Inheritance Tax
and Donations, and consist of increasing the percentage reduction (99% instead of 95%) or of the field
subjective beneficiary status, or the shortening of the maintenance period of the
acquisition of
5 years).
Don't hesitate to contact us, the first
Your query or request for information will be answered free of charge and without any obligation.
commitment. Call us at 954368804
or contact us by email at office@gestduque.com.
Signed: gestduque, www.gestduque.com, office@gestduque.com, 954368804