The Valencian Community has become one of the cheapest autonomies to inherit

For example, in this case A son who will inherit 800,000 euros200,000 of this corresponded to the habitual residence of the deceased, According to the current legislation a Valencian would have to pay up to 63,193 euros Formalization of the transfer according to calculations made by the research office of the Register of Tax Advisory Economists (REAF). some It would only be higher if you lived in AsturiasWhere you will pay up to 103,135 euros. On the contrary, those living in Andalusia, Cantabria, Galicia or the Balearic Islands, whose regulations have just changed, will pay no fee; Those living in Murcia, Madrid or Extremadura will only pay around 1,500 euros.

with 99% bonus In the same case, this will now also apply to children, parents and spouses. Residents of the Valencian Community will pay only 1,263 euros, on foot bottom of the tableaccording to the calculations of the above-mentioned organization.

In this case, the difference is even greater. donations. With the assumption of a father who wants to give 800 thousand euros to his son, The fee so far would be 171,012 eurosHE It will increase to 1,710 euros When the Cortes of Valencia approved the bill approved by the Generalitat. In this situation, you’ll pay less only in the Canary Islands and Cantabria.

This has always been advocated from the previous Consell led by Ximo Puig High tax on high income -It was also reflected in the high rate applied to Wealth Tax- progressiveness of the tax system. So whoever has more should pay more. Actually from Botany ‘Fiscal Dumping’ condemned Communities such as Madrid, which were accused of lowering taxes to attract high-income taxpayers, would not be able to afford these reductions because they were less well-funded, to the detriment of other regions such as the Valencian Community.

However, from PP they argue the opposite and state that: The way to improve the collection is to apply such discounts, which would theoretically support a preference increased economic activity. Even so, the truth is There are several autonomies that have approved similar measures As in the case of the Balearic Islands, La Rioja or the Canary Islands, they are in a sort of competition after the last elections.

In this sense, although he was the Minister of Finance, Ruth MerinoHe argued that the main reason for the decrease was “moral», for “represented injustice” paying twice for the same thing» also argues that autonomy should be made more attractive. «99% bonus on Inheritance and Gift Tax in addition to a fulfilled commitment, It’s the first step on the path we want to take to reduce taxes and make this society more financially competitive.attracting investments that can create wealth,” he says.

loss of income

REAF does not consider the decision as part of each community’s financial autonomy, but points out that regions adopting such measures must compensate for the loss of income in some way.

However, in Consell they state that this tribute is barely worth it. Contributes 1% of revenue They believe that Self-Government is an acceptable amount. First of all, they argue, because of the economic benefits it will create in the medium term.

Of course, the Ministry of Treasury also explains this. No amounts are expected to be refunded The proportion of those currently paid by this tax, although its entry into force will be retroactive to May 28. They therefore state that this means: It will apply to rights accrued from that date. In other words, the inheritances of people who died after that day have not yet been declared. Those presented in June, July and August are due to previous deaths.