Post by account_disabled on Feb 20, 2024 5:24:21 GMT -6
There are many people who wonder what is better, donating or leaving as an inheritance , especially when it comes to transmitting assets of great value, as is the case of a home. The truth is that, as we will see, there is no single answer, since the taxation of this type of operation depends largely on the regulations of each autonomous community.
So that you clear up any doubts and know how to value the transmission of property from parents to children, we will tell you all the details about inheritance or donation of homes .
Therefore, if we donate we will be Chinese Student Phone Number List transmitting the ownership of an asset inter vivos and, in the case of inheritance, it will be a transmission mortis causa .
Both operations are subject to the so-called inheritance and gift tax . However, even if it is a single tax regulated by the same state law, each of these options entails a different tax burden. Each autonomous community has a wide margin when creating incentives for certain types of transmission.
In addition, as we will see, there are two other taxes associated with inheritances and donations: personal income tax and municipal capital gains.
What taxes must you pay for inheritance or donation? The transfer of assets through inheritance or donation is subject to different taxes.
Inheritance tax and donations In both cases, the taxpayer is the person who acquires, inherits or receives the property through donation. It will be necessary to study the bonuses applicable at all times taking into account where tax should be paid depending on the operation.
Income Tax Regarding the Income Tax, its payment falls on the person who transfers the asset. In mortis causa transmissions nothing will be declared for this concept. However, in the case of a donation with capital gains, the capital gain must be declared in the Income.
Municipal capital gains Regarding the tax on the increase in value of urban land, this tax is regulated at the local level and is applied in those cases in which there is an increase in the value of said land (not when its value has decreased or remains the same. ). Its payment corresponds to the person who receives the property as an inheritance or donation.
Inheritance or donation, how do you save more money on taxes? It is impossible to know whether more inheritance or donation is appropriate without taking into account the specific details of the operation.
In the case of the inheritance and gift tax, the autonomous communities usually focus on aspects such as the degree of relationship between the person who receives and the person who gives the inheritance or donation, the age, certain personal characteristics of the recipient (such as some degree of disability) or the well (for example, transferring a habitual residence) when designing incentives.
So that you clear up any doubts and know how to value the transmission of property from parents to children, we will tell you all the details about inheritance or donation of homes .
Therefore, if we donate we will be Chinese Student Phone Number List transmitting the ownership of an asset inter vivos and, in the case of inheritance, it will be a transmission mortis causa .
Both operations are subject to the so-called inheritance and gift tax . However, even if it is a single tax regulated by the same state law, each of these options entails a different tax burden. Each autonomous community has a wide margin when creating incentives for certain types of transmission.
In addition, as we will see, there are two other taxes associated with inheritances and donations: personal income tax and municipal capital gains.
What taxes must you pay for inheritance or donation? The transfer of assets through inheritance or donation is subject to different taxes.
Inheritance tax and donations In both cases, the taxpayer is the person who acquires, inherits or receives the property through donation. It will be necessary to study the bonuses applicable at all times taking into account where tax should be paid depending on the operation.
Income Tax Regarding the Income Tax, its payment falls on the person who transfers the asset. In mortis causa transmissions nothing will be declared for this concept. However, in the case of a donation with capital gains, the capital gain must be declared in the Income.
Municipal capital gains Regarding the tax on the increase in value of urban land, this tax is regulated at the local level and is applied in those cases in which there is an increase in the value of said land (not when its value has decreased or remains the same. ). Its payment corresponds to the person who receives the property as an inheritance or donation.
Inheritance or donation, how do you save more money on taxes? It is impossible to know whether more inheritance or donation is appropriate without taking into account the specific details of the operation.
In the case of the inheritance and gift tax, the autonomous communities usually focus on aspects such as the degree of relationship between the person who receives and the person who gives the inheritance or donation, the age, certain personal characteristics of the recipient (such as some degree of disability) or the well (for example, transferring a habitual residence) when designing incentives.