Murcia has its own inheritance tax regulations as a result of the Spanish State ceding the tax revenue of inheritance and gift tax to Comunidades Autónomas, along with some regulatory autonomy to adapt tax to the particular circumstances of the respective Comunidad Autónoma.
This means that most Comunidades Autónomas have ruled new (and huge) benefits compared to those established by the Spanish State.
While the tax scheme and regime is the same in all parts of Spain, the Comunidades Autónomas took advantage of the given power to fix higher thresholds, or different rates or direct reductions on the amount to be paid (and sometimes all of these) to benefit close relatives of the deceased or disabled people. There are also benefits that help promote local business, farming, etc. as well as in the acquisition of the Comunidad Autónomas’ cultural assets.
However, the Comunidades Autónomas change their regulations quite frequently so it is necessary to check the regulation in force at the time the tax is due (the day of death).
In Murcia, there are deductions for decendants, ascendants and spouses of 99% of the tax due.
There are reductions on the value of the house which has been the habitual residence of the deceased
In addition, there are reductions on the acquisition of an individual enterprise, professional business or share in a company These also benefit quite distant relatives including cousins.
Registered unmarried partnerships have equal rights to those of a married partnership when registered in the official registers in Spanish Comunidades Autónomas, or in those of other EU or EEA states .
All these cases are accounted for in the calculator
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