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We blog legal and tax information targeted to resident and non resident UE citizens in Spain to help them with these issues and to solve doubt and generate controversy about these matters.

REGION OF MURCIA: NEW TAX MEASURES
02 September 2014 @ 17:03

On 2nd August, the Regional Government of Murcia passed a bunch of tax measures in order to strengthen the economic growth:

Region of Murcia Tax over transmissions of goods

The acquisition of real estate goods by youngsters under 35 years old or by companies held 100% by these people will be tax with just 5% of tax over transmissions of goods.  


Region of Murcia Inheritance Tax

Reduction of 99% over cash acquired in the inheritance

 A new reduction is passed and it is a 99% discount of the tax to pay for those heirs that aim the money from the deceased or from a life insurance policy to the acquisition of shares in a company or to initiate or widen an individual company.

The amount of money the reduction of 99% can be applied over is up to 300.000 € and 450.000 € if the heir is a person with at least a 33% of disability

Acquisition of an agricultural company

The new law passes a reduction of the value of the agricultural company of 99%.

Region of Murcia Donation tax

Reduction of 99% of cashed donated for the acquisition of a first company by people under 35 years old

The amount of money the reduction of 99% can be applied is up to over 300.000 € and 450.000 € if the heir is a person with at least a 33% of disability instead of the 100.000 € and 200.000 € the former law displayed.  

Reduction of 99% of the value of real estate donated for the development of a first company

This new reduction is passed and it covers additional requirements.

The value of the property the reduction of 99% can be applied over is up to 300.000 € and 450.000 € if the heir is a person with at least a 33% of disability

antoniojara@serveco.es



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3 Comments


camposol said:
02 September 2014 @ 17:37

Can someone tell me what this means in relation to a spouse inheriting the deceased husband/ wife's assets, including half share of their main property?
When does this come into force?


camposol said:
02 September 2014 @ 18:16

Why haven't the inheritance tax allowances been reinstated for ordinary residents?
They are in the terrible position of having to pay thousands of euros if their spouse dies in Murcia!


camposol said:
02 September 2014 @ 18:16

Why haven't the inheritance tax allowances been reinstated for ordinary residents?
They are in the terrible position of having to pay thousands of euros if their spouse dies in Murcia!


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