Inheritance Tax in AndalucÃ*a in which beneficiaries, resulting from a death occurred after the 7th of June 2008, may benefit from the following regional tax allowances:
•Reduction of 99.99% in the IHT taxable base on inheriting the family home (deaths occurred since the 1st January 2003). This requires the beneficiaries being
resident in Spain.
•Reduction of 99% in the IHT taxable base on those inheriting a business providing certain conditions are met.
•No IHT paid on the Estate itself on compliance with certain requirements (i.e. inheritance taxable base < €175,000, heirs are next of kin or spouse, heirs pre-existing wealth < €402,678.11).
•No IHT paid by physically handicapped (disability above 33%) with a taxable base < €250,000
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