Murcia Inheritance Tax. Reductions and Bonifications
Introduction
The Inheritance and Gift Tax is a state tax. It is regulated by Law 29/1987, of December 18, on the Tax on Inheritance and Gift Taxes and the Regulation that develops it is Royal Decree 1629/1991, of November 8. But, this national tax can be adapted and improved by regions. So, for Murcia region, the Inheritance and Donation Tax is regulated and adapted by the regional law Decreto Legislativo 1/2010, de 5 de noviembre, por el que se aprueba el Texto Refundido de las disposiciones legales vigentes en la Región de Murcia en materia de tributos cedidos.
In this section we will detail exclusively reductions, tax rate and bonus on the Inheriance and Donation Murcia tax. For other aspects as Process of Inheritance, Executing a foreign Will etc, please, visit our Inheritance Process section, where all aspects and procedures may be reproduced in inheritance process independently of the specific executed region.
Successions
Reductions in the tax base
– Reduction for the acquisition of a sole proprietorship, professional business or shares in entities.
– Reduction for the acquisition of goods included in the Catalogue of Cultural Heritage of the Autonomous Community of the Region of Murcia for their temporary transfer.
– Reduction for the acquisition of rural properties
Tax Rate
The rate applicable to the Inheritance and Gift Tax in force on 1 January 2013 will be as follows:
Taxable base Applicable up to – Euros | Full fee – Euros | Rest of the taxable base up to – Euros | Percentage Type applicable |
0,00 | 0,00 | 7.993,46 | 7,65 |
7.993,46 | 611,50 | 7.987,45 | 8,50 |
15.980,91 | 1.290,43 | 7.987,45 | 9,35 |
23.968,36 | 2.037,26 | 7.987,45 | 10,20 |
31.955,81 | 2.851,98 | 7.987,45 | 11,05 |
39.943,26 | 3.734,59 | 7.987,46 | 11,90 |
47.930,72 | 4.685,10 | 7.987,45 | 12,75 |
55.918,17 | 5.703,50 | 7.987,45 | 13,60 |
63.905,62 | 6.789,79 | 7.987,45 | 14,45 |
71.893,07 | 7.943,98 | 7.987,45 | 15,30 |
79.880,52 | 9.166,06 | 39.877,15 | 16,15 |
119.757,67 | 15.606,22 | 39.877,16 | 18,70 |
159.634,83 | 23.063,25 | 79.754,30 | 21,25 |
239.389,13 | 40.011,04 | 159.388,41 | 25,50 |
398.777,54 | 80.655,08 | 398.777,54 | 31,75 |
797.555,08 | 207.266,95 | From now on | 36,50 |
Bonifications on the tax rate
Kinship Groups I and II
99% of the contribution resulting after applying the applicable state and regional deductions.
Equalization of unmarried couples to spouses.
Accredited unmarried couples in accordance with the provisions of the regional regulations that regulate them are equated to spouses, with the following elements of the tax being applicable to them, in the inheritance modality:
a) The reductions in the taxable base and discounts in the quota provided for in this article.
Likewise, in the case of regional reductions, the equivalence will also be applicable for the purposes of determining the deceased’s participation in the capital of the entity jointly with the kinship group, regardless of the member of said group who is the beneficiary of the reduction.
Donations
Reductions in the tax base
– Reduction for the acquisition of a sole proprietorship, professional business or shares in entities.
– Reduction for the acquisition of goods included in the Catalogue of Cultural Heritage of the Autonomous Community of the Region of Murcia for their temporary transfer.
– Reduction for monetary donations for the constitution or acquisition of an individual company or professional business and for the acquisition of shares, participations and contributions to share capital in social economy companies.
– Reduction for monetary donations for the adaptation of assets used for the exercise of the activity of an individual company or professional business to the hygienic-sanitary safety measures required by the applicable regulations as a result of the Covid-19 crisis.
– Reduction for the acquisition of rural properties
– Requirements of the public document for the application of certain tax benefits in the modality of donations.
Donation Accumulation
In the case of donations and other comparable ‘inter vivos’ transfers granted by the same donor to the same donee within a period of three years from the date of each one, consisting exclusively of assets to which reductions regulated in this article would apply, and for the purposes of Article 30 of Law 29/1987, of 18 December, on Inheritance and Gift Tax, taxpayers may apply these reductions on the theoretical taxable base of the total accumulated acquisitions, with the requirements and limits of each of them.
Fee Bonuses
Kinship Groups I and II
99% of the contribution resulting after applying the applicable state and regional deductions.
Equalization of unmarried couples to spouses.
Accredited unmarried couples in accordance with the provisions of the regional regulations that regulate them are equated to spouses, with the following elements of the tax being applicable to them, in the inheritance modality:
