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Reduced inheritance taxes in the Comunidad Valenciana

Do you have a home in the beautiful region of the Comunidad Valenciana? 

Then we have great news for you! As of September 5, 2023 the government of the Valencian community has taken a decision that will have a positive impact on inheritance taxes, allowing heirs to benefit from significant tax reductions.

How much are you going to pay now?

This recent decision means that heirs will only pay a 1% tax rate when inheriting property. This is a notable reduction intended to reduce the burden on heirs and ease the transition of ownership within families.

Who are the beneficiaries?

This favorable change applies in particular to heirs belonging to the following categories:

Children: Whether direct children or adopted children, the new rates are intended to facilitate the passing of property to subsequent generations.

Spouse: Partners who are heirs will also benefit from reduced inheritance taxes, reducing the financial burden during an often difficult period.

Ascendants: This category includes parents and grandparents, making it easier and more beneficial to pass on family assets.

This reduction in inheritance tax is a welcome development for those who own and are considering passing on their properties to their loved ones in the Comunidad Valenciana.

It not only offers financial benefits, but also promotes a smoother transition of ownership within families.

Do not hesitate to contact local tax advisors or notaries to make optimal use of this favorable arrangement.

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