Most of the donations of real estate in the Region of Murcia are subsidized at 99% in Donation Tax, if a series of requirements are met; Also donations in cash for the purchase of housing can benefit from this discount
Most of the properties donated in Spain are transmitted from parents to children: one of the greatest helps that can be given to a descendant, especially in times of economic difficulties for young people. In the Region of Murcia, the
Inheritance tax and donations It generally has a symbolic cost, but this does not exempt you from the obligation to present it within 30 days.
The Donations Tax is assigned to the autonomous communities, which can establish their own rates or apply bonuses to the tax. This is the case in the Region of Murcia, where in certain cases of kinship, or for certain purposes, the donation of a home has a testimonial amount.
According to him
Statistics National InstituteIn 2020, 1,122 homes were donated in the community, more than double the 490 that were transmitted by this means five years earlier, in 2015. That year, the regional Executive approved a 50% tax discount, which increased by 2017 at 60% and since 2018 it has remained at 99%; and that has undoubtedly contributed to the increase in this type of operation in recent years.
This reduction in Donation Tax in the Region of Murcia is applied to the amount of the tax, which is calculated from a state rate that ranges between 7.65% and 34%, depending on the taxable base, and a coefficient that depends on the patrimony of the person receiving the inheritance and the degree of kinship.
Although the 99% discount is only applicable to donations received from some categories of family members, these include the usual beneficiaries of this type of transfer: descendants and adopted descendants; parents, grandparents and other ancestors; spouses and domestic partners and adoptive parents.
The Donation Tax must be submitted within 30 business days from the date of the donation, using form 650 or 651, electronically (with digital certificate) or in person, at the Tax Agency offices.
In addition to the existence of any of these types of kinship, in order to benefit from the reduction it is necessary to meet other conditions:
-That the donated home is located in the Region of Murcia.
-That the property will constitute the first residence of the person who receives the donation.
-That the donation be formalized by means of a public deed in which the recipient indicates that they will be dedicated to their first residence, and that at the time of signing they do not have another home owned.
-That the assets of the person who receives the donation does not exceed 402,678.11 euros and that the family income is less than four times the Public Indicator of Multiple Effects Income (IPREM).
In addition to the above, it must be taken into account that the 99% discount only applies to the first 150,000 euros of the real value of the property. If the real value of the home is higher, the excess amount is taxed at 7%.
Donation in cash for the purchase of a home
If what is received as a donation is cash for the purchase, rehabilitation or construction of a first home located in the Region of Murcia, it is also possible to benefit from a 99% discount on the amount of the tax, if meets some requirements:
-The donation must be formalized in a public deed, in which the origin of the funds must be indicated (which must be justified) and that these will be used for the construction, purchase or rehabilitation of the habitual residence
-If the donated amount is destined to the purchase of a property, it must be acquired within a maximum period of one year from the receipt of the donation; If it is used in the construction of a house, the works must be completed within four years
-The person receiving the donation must keep the property as part of their patrimony during the five years following the formalization of the donation
As in the previous case, the discount is applied to the first 150,000 euros received as a donation, and will have to be taxed for the remaining amount.
In cases other than that of the first home, the grantee can also benefit from a 99% reduction in Donations Tax: if he receives a property intended to develop a business or business, if what is received is a plot of land intended for the construction of the habitual residence or if the donation consists of an individual company or business.