Andalucian Inheritance Tax Massively Reduced 2018
Andalucian inheritance tax is going to be massively scaled back from the start of 2018, for estates left to direct family members. Inheritances to children, spouses, parents, and grandchildren for assets worth € 1,000,000 or less will be exempt. Parents will also be able to gift up to € 1,000,000 while alive (tax-free) providing the funds are used to establish a business or other job-creating enterprises. The Costa del Sol is already home to some of the richest and most famous people in the world, massively reducing inheritance tax will also help attract more wealthy individuals to the coast, obviously helping boost the growing local economy even further. Political forward thinking like this has not been seen for some time and will be welcomed by all the Costa del Sol residents and anyone wanting to retire to the coast in the future. This simple action is expected to dramatically increase sales to overseas buyers.
For more information on buying or selling property on the Costa del Sol, contact Peter or any of his team on Tel: (0034) 951 551 444 or email: info@OverseasDreams.com