Maria Guardiola abolishes inheritance and gift taxes. And it does so in 100% of the cases in both cases as long as it does not exceed 500,000 euros per heir. This is reflected in the project of her first budgets that she has prepared since she has been president of the Junta de Extremadura, whose legislative processing for approval begins this Wednesday in the regional parliament.
The bills, which are expected to be approved with the support of Vox, contemplate a broad package of economic measures, which also include a zero rate for self-employed women who return to work after motherhood and, among other sections, an aid line for self-employed workers in order to offset the costs derived from price inflation. In total, Extremadura’s accounts amount to 8,127 million euros, 4.4% more than last year, and they dedicate more than 1,959 million to economic policies, 117 million more than last year, according to Guardiola herself. , which has described them as “the budgets of change.”
The tax reduction was one of the key points in the agreement that Guardiola reached with Vox to govern in Extremadura. Specifically, the document included, verbatim, a “comprehensive reduction in taxes”, with the suppression of Patrimony and Inheritances and Donations, although it was clarified that “for the majority of taxpayers.”
After the holding of the regional government council, the president of Extremadura, who appeared together with the Minister of Finance and Public Administration, Elena Manzano, has specified that the elimination of the inheritance and gift tax will apply from next January 1 to kinship groups 1 and 2 in inheritances that do not exceed 500,000 euros per heir. This is a new fiscal measure that is added to the tax reform approved by its executive last September and that included the reduction of personal income tax in the autonomous section between 8% and 10% in the first two sections, the increase to 30% of the deduction for housing rentals, the reduction of the tax on certain means of transportation and the elimination of the wealth tax.
These are the first measures within a generalized tax reform – he stressed – that will be applied over the coming months. The objective, he has assured, is to provide “realities, certainties and guarantees” to families, the self-employed and companies.