Balearic

Balearic Government abolishes Inheritance and Gift Tax

16 Mar 2025 in Taxation and Succession

Balearic Government abolishes Inheritance and Gift Tax The new Government of the Balearic Islands has abolished the Inheritance and Gift Tax (“ISD”) for acquisitions by death or through inheritance agreements (i.e., inheritance, legacy and inheritance in life) made between parents and children, grandchildren and grandparents, and between spouses.

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