Asturias Inheritance Tax. Reductions and Bonifications
Introduction
A practical guide where you will find the inhertiance tax advantages for Asturias region with territories as Oviedo, Gijón, etc.
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 Asturias region, the Inheritance and Donation Tax is regulated and adapted by the regional law Decreto Legislativo 2/2014, de 22 de octubre, por el que se aprueba el texto refundido de las disposiciones legales del Principado de Asturias en materia de tributos cedidos por el Estado.
In this section we will detail exclusively reductions, tax rate and bonus on the Inheriance and Donation Asturias 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.
Reductions in the tax base
– Groups I and II of kinship
The reduction applicable to Groups I and II of kinship provided for in article 20.2.a) of the Inheritance and Gift Tax Law will be 300,000 euros.
– Main residence
- The percentage of reduction provided for in Article 20.2.c of the Law on Inheritance and Gift Tax shall be the one resulting from applying the following scale:
Real Real Estate Value – Euros | Percentage reduction |
Up to 90,000 | 99 |
From 90,000.01 to 120,000 | 98 |
From 120,000.01 to 180,000 | 97 |
From 180,000.01 to 240,000 | 96 |
More than 240,000 | 95 |
- This percentage will be applied with the same limits and requirements established in state legislation.
Other reductions:
– Reduction of the taxable base for the acquisition “mortis causa” of sole proprietorships, professional businesses and shares in entities.
– Reduction of the taxable base for the acquisition Donation of sole proprietorships, professional businesses and shares in entities.
– Reduction in monetary donations from ascendants to descendants for the acquisition of the first habitual residence that is considered protected.
Tax Rate
The full amount of the tax regulated in article 21.1 of the Law on Inheritance and Gift Tax, will be obtained by applying the following tax rates to the taxable base:
General applicable rate
Taxable base – Up to euros | Full fee – Euros | Rest of the taxable base – Up to euros | Applicable rate – Percentage |
0,00 | 0,00 | 8.000,00 | 7,65 |
8.000,00 | 612,00 | 8.000,00 | 8,50 |
16.000,00 | 1.292,00 | 8.000,00 | 9,35 |
24.000,00 | 2.040,00 | 8.000,00 | 10,20 |
32.000,00 | 2.856,00 | 8.000,00 | 11,05 |
40.000,00 | 3.740,00 | 8.000,00 | 11,90 |
48.000,00 | 4.692,00 | 8.000,00 | 12,75 |
56.000,00 | 5.712,00 | 8.000,00 | 13,60 |
64.000,00 | 6.800,00 | 8.000,00 | 14,45 |
72.000,00 | 7.956,00 | 8.000,00 | 15,30 |
80.000,00 | 9.180,00 | 40.000,00 | 16,15 |
120.000,00 | 15.640,00 | 40.000,00 | 18,70 |
160.000,00 | 23.120,00 | 80.000,00 | 21,25 |
240.000,00 | 40.120,00 | 160.000,00 | 25,50 |
400.000,00 | 80.920,00 | 400.000,00 | 31,25 |
800.000,00 | 205.920,00 | From now on | 36,50 |
Rate applicable to Groups I and II of kinship
Taxable base – Up to euros | Full fee – Euros | Rest of the taxable base – Up to euros | Applicable rate – Percentage |
0,00 | 0,00 | 56.000,00 | 21,25 |
56.000,00 | 11.900,00 | 160.000,00 | 25,50 |
216.000,00 | 52.700,00 | 400.000,00 | 31,25 |
616.000,00 | 177.700,00 | From now on | 36,50 |
Coefficients of pre-existing assets
In the case of “mortis causa” acquisitions, the multiplier coefficients applicable to the full quota depending on the amount of the pre-existing assets will be as follows for Group I:
Pre-existing assets – Euros | Group I |
From 0 to 402,678.11 | 0,0000 |
From more than 402,678.11 to 2,007,380.43 | 0,0200 |
From more than 2,007,380.43 to 4,020,770.98 | 0,0300 |
More than 4,020,770.98 | 0,0400 |
Bonification on the tax amount
– Bonus for disabled
In the case of mortis causa acquisitions by taxpayers with disabilities with a recognised degree of disability equal to or greater than 65%, in accordance with the scale referred to in Article 148 of the Consolidated Text of the General Social Security Act, approved by Royal Legislative Decree 1/1994, of 20 June, a 100% discount will be applied of the quota resulting after applying the state and regional deductions that, where applicable, are applicable, provided that the pre-existing assets of the heir do not exceed 402,678.11 euros.
