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Friday, February 22, 2008

99,9% TAX EXEMPTION ON INHERITANCE TAX & DONATION (GIFT) TAX IN CANARY ISLANDS

New Law 14/2007 - 27th December - From 1st January 2008 parents may gift any property in the Canary Islands to their children and benefit from a 99,9% tax exemption. The said exemption is applicable to all donations (gifts) of real estate property situated in Canary Islands.

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Posted by Jose Escobedo at 09:28 PM. Filed under: Reports • Tax law •

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About

José Escobedo is an English speaking Spanish Lawyer in Tenerife offering independent Spanish legal advice, litigation services and Spanish legal conveyancing on purchases and sales of property in Tenerife, Canary Islands, Spain.

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