Wealth Tax Accrual

Regulations: Art.29 Wealth Tax Act

Wealth Tax is accrued on 31 December of each year and affects the assets of which the taxpayer is the holder on that date.

Consequently, there is no tax period in this tax. Thus, the death of a person on a day other than 31 December determines that the tax is not accrued in that financial year.

Finally, it should be noted that the relative flow rate is taxed as part of the assets of the heirs or legatees, and in no case should these be filed with the Wealth Tax return for the deceased.