AEDAF Urges Simpler and More Coherent Tax Rules for Family Business Transfers
The Spanish Association of Tax Advisors (AEDAF) reiterated this Thursday the need to promote “a simpler and more coherent” regulatory framework aimed at facilitating the transfer of family businesses and providing greater legal certainty for entrepreneurs and taxpayers.
This position was defended by AEDAF President Bernardo Bande during a media briefing held prior to the opening of the III Tax Conference of Murcia, organised jointly with the University of Murcia, the Murcia Bar Association, the Cartagena Bar Association and the Official College of Economists of the Region of Murcia.
Bande called on all governments to “recognise the importance of family business succession” and stressed that several taxes currently intervene in such processes, including Inheritance and Gift Tax, Personal Income Tax (IRPF) and Wealth Tax, making it necessary to establish a clearer framework so that “family business owners know exactly what rules apply to them”.
Specific Tax Proposals
The President of AEDAF also recalled that the association drafted earlier this year a policy paper containing specific tax proposals relating to family businesses, which was subsequently submitted to all parliamentary groups.
For her part, AEDAF delegate in Murcia, Laura Pérez, highlighted the importance of institutions, companies and public administrations “working together in order to continue moving forward”.
During the opening session of the conference, the Regional Minister for Economy, Finance, European Funds and Digital Transformation of the Region of Murcia, Luis Alberto Marín González, stated that the regional government would continue to follow “with close attention” the recommendations issued by AEDAF experts when designing fiscal policies.
The III Tax Conference of Murcia analyses throughout the day different aspects relating to the taxation of family businesses and brings together more than one hundred professionals and experts from across Spain.
Source: AEDAF.