The tax fight between the autonomous communities experiences a new advance reaching the Balearic Islands. In that sense, they have announced the elimination of Inheritance and Gift Tax on acquisitions between parents and children, grandparents and grandchildren and between spouses. In addition, they have reduced Transfer Tax and Stamp Duty on the purchase of first… Continue reading Tax advisor: Balearic Islands eliminates Inheritance and Gift Tax in some cases and decreases Transfer Tax and Stamp Duty when acquiring properties
Tag: Transfer Tax and Stamp Duty
Tax advisor: Tax benefit for large family before the birth of the third child
A family with two children and the pregnant woman have obtained a favorable ruling by the Regional Economic Administrative Court (TEAR) of Madrid in their request to be recognized as a large family for the payment of the Transfer Tax and Stamp Duty (Impuesto sobre Transmisiones Patrimoniales y Actos Jurídicos Documentados). When acquiring a property,… Continue reading Tax advisor: Tax benefit for large family before the birth of the third child