ADVANTA GROUP

News

WOULD YOU LIKE TO HAVE AN EXCUSE TO GET MARRIED?

WOULD YOU LIKE TO HAVE AN EXCUSE TO GET MARRIED?

25 Aug 2017

If you and your partner are living together and are both property owners, you need to know that the tax/fiscal benefits you have are not the same that married couples have.

Take inheritance tax as an example, if one of the partners was to pass away leaving their surviving partner as heir, in the event that they are not married, the inheritor would not be eligible for any reductions by kinship and the tax result would be multiplied by 2.

The position of a domestic partner (pareja de hecho) when inheriting from their sentimental partner is compared to that if they were inheriting from a stranger, therefore making it very burdensome and costly for the inheritor as they would have high inheritance tax to pay.

Currently in the Valencian Community, the surviving spouse, ancestors and descendants of the first degree have an individual deduction of 100,000 euros, this means that for the first 100,000 euros received via inheritance will not pay any inheritance tax and will also apply a bonus in the tax rate of 50%.

In the income tax declaration, couples that are married find it more beneficial doing their income tax as a couple if one of the spouses does not receive any income or the income that they receive is low.

The joint declarations can only be submitted if the contributor is part of a family unit, that is, either married or has children (or both), in the case they are not married, one of the parents can declare themselves as a mono-parental unit with children.

in the case of domestic partners, the tax declarations will always have to be submitted as individual.

Another good excuse to get married is simply because of love.

Contact us today.

Please submit your enquiry using the following form and our staff will respond to any of your queries.

Responsable del tramineto: ADVANTA GROUP, Finalidad del tratamiento: Gestión y control de los servicios ofrecidos a través de la página Web de Servicios legales, Envío de información a traves de newsletter y otros, Legitimación: Por consentimiento, Destinatarios: No se cederan los datos, salvo para elaborar contabilidad, Derechos de las personas interesadas: Acceder, rectificar y suprimir los datos, solicitar la portabilidad de los mismos, oponerse altratamiento y solicitar la limitación de éste, Procedencia de los datos: El Propio interesado, Información Adicional: Puede consultarse la información adicional y detallada sobre protección de datos Aquí.

© 2018 ● Design: MediaelxLegalPrivacyCookies policyWeb map