For some days now, Congress has been debating the introduction of a new tax: the tax on large inheritances.
The party SUMAR has brought the debate to the table of the Congress, demanding the approval of this new tax as a fundamental requirement to give its support to the Government in the approval of the general budgets.
This new state tax would mean the harmonization of Inheritance and Gift Tax, forcing all inheritances and gifts over one million euros to be taxed, regardless of the relationship between the parties and the Autonomous Community of residence.
As already happened with the Wealth Tax and the Solidarity Tax for large fortunes, this new proposal is already generating a lot of commotion among taxpayers and deep controversy in the world of tax advice. For this reason, at MDG Advisors we will continue to report on the status of this tax proposal.
Pablo Mallo Bárcena
