Overview
- President Juanfran Pérez Llorca announced the plan at the AVE general assembly in València’s Roig Arena with leading business figures in attendance.
- The measure reduces inheritance and gift taxes by 99% for family enterprises, including agricultural firms, professional practices, and shareholdings.
- Eligibility expands to fourth‑degree relatives and to all heirs when the company’s founder is retired.
- A separate concession grants a 25% reduction in 2026 for transfers between siblings and nephews or nieces, rising to 50% in 2027.
- Officials note that about 90% of Valencian firms are family‑owned and generate roughly 80% of jobs and GDP, and they report around a 60% rise in donations after earlier cuts for children, spouses, and parents.