Decree Law 4/2023 amending Legislative Decree 1/2014 of 6 June, which approved the recast text of the legal provisions of the Autonomous Community of les Illes Balearics on taxes granted by the State.
1. - The tax between parents and children, grandchildren and grandparents, and spouses is abolished by a bonus of 100% on the fee, both by reason of death and living inheritances by means of succession agreements.
2. - There is a reduction of up to 50% of inheritance tax and donations between siblings and between uncles and nephews for the deceased without direct descent, and a reduction of 25% for these collectives who do have descent.
3. - The capital transfer tax is eliminated on the purchase of a first home customary for under 30 years and persons with disabilities, with an annual income limit of 52,800 euros in individual declaration or 84,480 euros in joint declaration, and provided that the sale price does not exceed 270,151 euros.
4. - The ITP is halved (50%) from 4% to 2% for the purchase of ordinary housing by people between 31 and 35 years of age, large or single-parent families, and families with dependent disabilities, provided that the housing price does not exceed 270. 151 euros, or 350,000 euros in the case of large families.
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