Tag Archives: Wealth Tax

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Requirements exist to file return by Resident and non Residents individuals and corporations: Individuals: a. Taxes on Resident individuals : Tax Returns i. Income Tax –and Gains tax – annually ii. Wealth Tax – annually ii. Assets owned outside Spain– annually … Continue reading →

Residents: For residents the tax applies to worldwide wealth. Net taxable wealth (NTW)  is taxable at rates of up to 2.5 per cent per annum. To arrive at NTW  each taxpayer (whether resident or non resident) may  deduct EUR700,000. Additionally … Continue reading →

The information contained in these pages is intended to supplement the Jurisdiction Information on SPAIN contained in the 2014 Step Directory and Yearbook published by STEP in association with Michael Soul & Associates These pages provide additional important, tax rates … Continue reading →

Please follow the links below for additional information: Income Tax: Individual Residents Taxation of Capital Gains Taxation of Inheritances (IHT) IHT Family Allowances / Deductions IHT Rates: Non Resident Beneficiaries IHT Rates: Beneficiaries Resident in Spain IHT Higher Rate Surcharges … Continue reading →