Author: Laundry jr | EFE
The Xunta respects, but takes into account «unfair“, is the verdict constitutional Court which rejected Xunta’s appeal against changes in taxation inheritance in lifewhich forces to pay more in personal income tax if the property is sold before five years have passed since the signing of the inheritance contract. This was stated by the Galician president on Thursday. Alfonso Rueda, who considered the opinion contrary to Galician civil law and regretted that it would harm more than 100,000 families. Rueda reminded that the punishment comes after the decision of the central government that “treats the users of this legal entity as alleged fraudsters” and criticized that the “closure” of the central executive will turn into “double taxation” for them.
Rueda added that the Xunta will analyze the socioeconomic effects of the decision and left the door open for analyze whether there is a possibility of compensating those damaged by fiscal measures, but he showed his anger because it would mean that all Galicians would make an effort. Likewise, the president added that the legal services of the Galician government will study the two individual votes against the verdict, which in his opinion show that the Xunta had «strong legal arguments» to defend your appeal.
tax change
Xunta’s complaint was filed after the adoption, in July 2021, of the Law on Measures to Suppress Tax Frauds, which changed the method of calculating capital gains in the event that a taxpayer who acquires real estate through an inheritance contract sells it within five years. , during the lifetime of the person who donated it. In this case, the capital gain will be calculated by deducting from the value at the time of sale the value that the real estate had when the person who transferred it acquired it, and not when the sale was formalized. inheritance contractsince it is understood that the sale operation may harbor the spirit of tax avoidance.
Source: La Vozde Galicia
I am Jason Root, author with 24 Instant News. I specialize in the Economy section, and have been writing for this sector for the past three years. My work focuses on the latest economic developments around the world and how these developments impact businesses and people’s lives. I also write about current trends in economics, business strategies and investments.
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