Inheritance tax – Valencia government sets out its stall


Draft legislation to enable tax relief amounting to 99% on inheritances and donations was approved by the Valencia parliament on Tuesday.

This entails modification of the 1997 law regulating the regional portion of income tax and other taxes, a regional government spokesman explained.

Regional president Carlos Mazón said this initiative will ‘prevent injustices, double taxations, and fulfils a fiscal, historical and above all moral commitment’.

Full report in Friday’s Costa Blanca News

Read more in this week’s print edition or go to e-paper


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