On 1st January 2016 a new Law applicable to Inheritance Tax and Gift Tax came into force in the Canary Islands
Since 1st January 2016 both Inheritance Tax and Gift Tax are reduced in 99,9%. This applies to taxpayers included in groups I and II: descendants and adopted children under 21 years and descendants and adopted 21 or more years, spouses, parents and adoptive parents. With regard to Inheritance tax: Taxpayers included in groups I and […]