Asesoramiento, servicios fiscales y consulting en Denia. Técnicos Asociados

Tax Equity governed by Law 19/1991, of June 6, applies to  individuals with ownership in the Spanish territory   generally with a net worth exceeding € 700,000, unless the corresponding Autonomous Community, in exercise of its powers , adopts such other amount as free allowance.

It raises the minimum exemption for primary residences to 300,000 € for residents.

Approval by the full Chamber of September 22, 2011 of the recognition of RD 13/2011 of September 16 by which the tax is applicable temporarily for the years 2011 and 2012.

This approval is to raise over one billion euros and will affect about 160,000 taxpayers.

In the same way and with respect to non-resident taxpayers, the  obligation applies to appoint a fiscal representative in Spain for the purpose of this tax and the terms expressed in the Law on Tax Equity. Failure to comply will result in a penalty of € 1,000 (art 6).

The obligation to file the tax return  is still pending of confirmation.