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V5211-16 ·5 December 2016 ·consulta-vinculante Medium impact
Tax

75% Inheritance Tax reduction applies if acquisition increases a priority farming business

The query examines whether the reduction for the modernisation of agricultural holdings and the enhancement for being a young farmer apply in an inheritance case. The DGT rules that the reduction is applicable to an heir who already held a priority holding and expands it, but not to an heir who did not meet the training requirements at the time of death.

In 6 key points

How it affects those involved

This ruling clarifies the strict requirements for training and existing business status when claiming tax reductions for agricultural modernisation and young farmers in inheritance proceedings.

Lifecycle

2016-12-05PublishedPublished in the BOE
Official text Based on BOE data (boe.es). Information, not advice.

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This analysis is informational only and does not constitute legal advice or create a client-adviser relationship. BM Consulting.
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