The recent August the 2nd, Regional Government of Murcia passed a bunch of tax measures in order to strengthen the economic growth and that we comment below.
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