In the Region of Murcia is cheaper to get a couple of his parents a house donated by buying directly

In the Region of Murcia is cheaper to get a couple of his parents a house donated by buying directly.

The reason lies in the tax on each transaction. In the event that the purchase will have to pay tax on capital transfers. If the grant obtained by the so-called Tax Grants. In Murcia the latter is cheaper.

The difference in economic terms can be substantial tax savings and, therefore, to obtain a housing grant is considerable.

In Murcia, also are exempt from paying this tax in the event of death, that is, done after the death, if the child is younger than 21 years.

If, on the contrary, the donation is made in life, he may be deducted up to 99% of the tax deductions resulting from applying the state and regional.

Although this scenario is not identical in all the autonomous communities. An article published by the newspaper Cinco Dias on February 4 described the asymmetric tax situation is drawn in communities such as Andalusia, Aragon, Asturias, Baleares, Cantabria, Extremadura and Galicia, where it is more expensive to receive a house from parents to children donation by a sale.

The donation can be explained as the transfer of property between two people. What is most relate this assignment among members of one family, but they may be cases where the donation is extrapolated to the field.

Legally, this process must be in writing and in the case of an immovable, in the corresponding public deed before a notary.

The differences are significant to the heritage. According to the General Council of Notaries in Spain, the gift is irrevocable, ie, once the contractor gets the house, in this case, is the owner.

It is also necessary that the beneficiary of the grant expressly gives its consent. And finally, has tax advantages, as discussed above.