A JdeA spokesperson announced yesterday, in Vélez-Málaga, that the Junta is to introduce more reductions in inheritance tax, which this time will benefit siblings, nieces/nephews and aunts/uncles. I'm very pleased to hear this as I don't have children and was not relishing the fact that my family would have to pay Spanish IHT if I were still to be tax resident when I die.
https://www.axarquiaplus.es/la-delegada ... os-y-tios/
More changes to inheritance tax in Andalucia
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Re: More changes to inheritance tax in Andalucia
Good news for me, too, or at least, my nephews BUT is that just a JdeA ruling?
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Re: More changes to inheritance tax in Andalucia
The autonomous regions are able to set their own allowances in respect of inheritance tax if they wish (although there is a national scale of allowances too) so yes, this only applies to Andalucia.
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Re: More changes to inheritance tax in Andalucia
Enjoy the new rules and hopefully other regions will follow.
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Re: More changes to inheritance tax in Andalucia
A point to note is that if you have step children they are classed the same as a stranger and get none of these allowances and also pay 2x the actual tax.
I know a number of people who were not aware of this.
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I know a number of people who were not aware of this.
Sid
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Re: More changes to inheritance tax in Andalucia
I was not aware of that! I have step-children and one is due to get a house! Maybe I need a rethink and now is the time for it.
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Re: More changes to inheritance tax in Andalucia
I should add that adopted children are classed the same as birth children.
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