Wealth Tax

[smarty]

Was going to pay my tax for this year and have now been told that the tax is ilegal by the EU and will be sorted by the end of the year, does anyone have any info on this I was told it was in the paper about this. anyone with any info about this?????????
Do i need to pay this year,?????

[Chrisdee]

Wealth Tax

You will be pleased to learn that following all of the rumours, Spanish Wealth Tax has finally been rescinded with effect from 2009.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.

[Nalle]

This years declaration is the last time you will need to pay wealth tax.

[leswill]

It is correct that the Central Government has declared the intention to abolish wealth tax. However bear in mind that non residents pay wealth and renta tax. Local governments still need to decide how to proceed with this matter so it does not mean that non residents will be paying no tax at all next year. www. spain214.com