2023-11-07 11:07:53
From the declared value, the following reductions of the tax base can be made, if applicable, which are the following:
a) Reduction according to the degree of relationship between the beneficiary and the deceased.
b) Reduction due to disability.
c) Reduction in favor of people aged 75 or over.
d) A 100% reduction, with a limit of 25,000.00 euros, on the amounts received by beneficiaries of life insurance contracts if the relationship is that of spouse, ascendant, descendant, adopter or adopted person. It is a single reduction per taxpayer.
Note: if you are a beneficiary of insurance contracts signed before 19-1-1987, you can choose between applying said reduction or the reductions provided for in Decree 1018/1967 to your total earnings.
Based on the taxable base determined in this way, the rates and coefficient that can be consulted in the rates, coefficient and quota bonus section of the inheritance and gift tax page will be applied to obtain the quota to be paid.
If the death occurred after January 1, 2011, taxpayers in Relationship Groups I and II can apply a bonus on the tax quota, the characteristics of which can be consulted on the inheritance and gift tax page, to obtain the fee to enter.
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