There are requirements to consider the wealth tax exempt.
The tendency of our tax system is to put an end to the inequalities in matters of inheritance that currently occur among the citizens of the different Autonomous Communities of our country.
For example, in the Valencian Community, the draft law on fiscal measures, administrative and financial management and organization of the Generalitat for 2017 establishes important changes. It is increasingly foreseeable that the legislator will end up imposing a limitation on the freedom that the Autonomous Communities currently have to legislate in matters of Wealth Tax (IP) and Inheritance and Donations Tax (ISD), establishing a minimum quota to be paid by all taxpayers, regardless of where they reside.
Link to the full story: