Wealth tax extended one year more


24 Jan. 2017

Royal Decree Law 3/2016 of 2nd of December has extended the application of Wealth Tax to year 2017, postponing one year more the elimination of the charge. Thus, as in previous years, it will fall to the Regional Governments to regulate this tax in 2017, even taking in a total or partial rebate.

Although the RD Law states that Wealth Tax will not be paid as from 2018 (being this also stated in the precedent General Budgets), in fact the application of the Tax has been extended year by year.

In Andalucía, the threshold is 700.000 Euros per taxpayer, ranging the tax rate from 0,24% to 3,03%.

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