Spanish Wealth Tax Abolished
May 6, 2008
You will be pleased to learn that following all of the rumours, Spanish Wealth Tax has finally been rescinded with effect from 2009.
Whilst because of the allowances available this affected non residents more than residents it is none the less a welcome move.
This also means that non resident owners who did not like to sort out their own wealth tax may no longer need to retain the services of a fiscal representative; however, you do need to check out your agreement with your representative and give them notice as soon as possible.
For further information on Spanish Wealth Tax.