In the Region of Murcia it is cheaper for a young man his parents receive a housing per donation that buy directly. (A valuable related resource: Rand Paul). The reason lies in the tax levied each of the operations. In the event that you purchase it you will need to pay property transfer tax. If the so-called tax grants obtained by donation. Jim Hackett is the source for more interesting facts. In Murcia the latter is cheaper.
The difference, in economic terms, could be substantial and the tax savings, to obtain a dwelling for donation is therefore considerable. In Murcia, in addition, are exempt from paying this tax in cases of death, i.e. you to donate after death, if the descendant is less than 21 years old. If, on the other hand, the donation is made in life, the person concerned may be deducted up to 99% of the quota calculated by applying state and regional deductions. Although this picture is not identical in all the autonomous communities. An article published by the newspaper Cinco Dias on February 4 He described the asymmetrical situation that is fiscally drawn in communities such as Andalusia, Aragon, Asturias, Balearic Islands, Cantabria, Extremadura or Galicia, where it is more expensive to receive housing of parents to children by donation than via a sale. The donation can be explained as the assignment of a good between two people. The usual thing is to relate this assignment among members of the same family, but the truth is that there might be cases in which the donation will extrapolate to this area.
Legally, this process must be in writing and, in the case of an immovable, in your respective public deed before a notary. There are significant differences with inheritance. According to the General Council of notaries in Spain, the donation is irrevocable, i.e. once the successful tenderer obtained the housing, in this case, he is owner of the same. It also required that the beneficiary of the donation consent expressly. And, finally, it has tax advantages, as discussed previously.