Draft legislation to enable tax relief amounting to 99% on inheritances and donations was approved by the Valencia parliament on Tuesday.
This entails modification of the 1997 law regulating the regional portion of income tax and other taxes, a regional government spokesman explained.
Regional president Carlos Mazón said this initiative will ‘prevent injustices, double taxations, and fulfils a fiscal, historical and above all moral commitment’.
Full report in Friday’s Costa Blanca News
