The document summarizes inheritance tax deductions and rules in the Balearic Islands. It discusses how in 2001, Spain devolved inheritance tax rates and deductions to regional governments. Most regions initially only granted deductions to resident beneficiaries, but a 2014 EU ruling deemed this discriminatory. As a result, Spain enacted new legislation making deductions available to non-resident EU citizens as well. The summary then outlines specific deductions and tax rates that apply in the Balearic Islands for different beneficiary groups and asset types.