Wealth tax is a direct and personal tax in Spain that is applied individually, not on annual income or transactions, but the personal wealth of natural persons and is calculated based on the value of all the taxable person’s assets.
The wealth tax is ceded to the autonomous communities to apply reductions in the exempt minimum, modify the rate, and create exemptions from protected heritage for the disabled.
At the state level, it is contemplated:
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I have worked with Carlos and the team at ATA for 10 years or more and they have worked diligently to prepare my accounts and taxes promptly. They have always been on hand to discuss and advise any difficult questions I have had regarding taxes (business and personal) and complex Spanish employment laws.
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My real estate company Aylesford Costa del Sol has been a client of ATA for over 10 years. Carlos and his team have always been there for us and their help and advice over the years has been invaluable. ATA are very professional and I appreciate the way they get things done in a speedy and efficient manner! I have no hesitation in recommending ATA to my clients.