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Originally Posted by Karen1234  I heard about this too. But there are two taxes - one that is paid to the Spanish government and one that is paid to the regional government. So I am not sure if just one has been scrapped or both. |
It is both as I am reading the statment....
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| due to a decision by the regional government to grant a reduction of 99.9% in the tax rate for inheritance between close relatives |
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| This decision brings the Canary Islands in line with most of the Regions, e.g. Madrid, Valencia and Murcia. |
The CE newsletter promises a fuller review of the announcement shortly.
