Spanish Wealth Tax Farewell
If the PSOE wins the elections the Prime Minister Mr Zapatero has promised to eliminate this tax and this is also the position of the PP leader Mr Rajoy.
Therefore it is quite likely that this 31st December 2007 the Spaniards and the Non Residents with property and assets in Spain be submitting their last wealth tax return. This tax has been the largest obstacle for international people to establish a residence in Spain. Therefore we are very happy to see the tax going.
Adios Impuesto de Patrimonio.Please keep watching this space.
Adios Impuesto de Patrimonio in SPain.
March 9th, 2008 the day of the next Spanish general elections will mark the end of the Spanish Wealth Tax.
