Wealth Tax · 60% Rule

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Wealth Tax Spain · 60% Rule

Spain has a rule that the total income tax and wealth tax that a taxpayer must pay must not exceed 60% of the taxable income.

The only limitation is that the wealth tax to be paid may not be less than the 20% of the wealth tax actually due.

In other words, if a taxpayer does not have an income but does have such a high wealth for which he has to pay ten thousand euros in wealth tax, then the real estate tax to be paid will be 2,000 euros (20% of ten thousand euros).

For taxpayers with high capital this can mean a significant reduction in wealth tax.

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