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Practical Heritage Manual 2021.


The Wealth Tax was established by Law 19/1991, of June 6, and was materially payable until January 1, 2008, date from which Law 4/2008, of December 23, by which the Wealth Tax levy is abolished, the monthly refund system for the Value Added Tax is generalized and other modifications are introduced in the tax regulations ( BOE of 25), eliminated the obligation to contribute for it, through the formula of establishing a state bonus of 100 percent on its full quota and repealing the formal obligations related to the self-assessment of the tax, the presentation of the declaration and, where appropriate, the payment of tax debt.

However, the effects of the economic crisis led to its recovery, on a temporary basis through Royal Decree-Law 13/2011, of September 16 ( BOE of 17) which contemplated initially its reestablishment only for the years 2011 and 2012. However, its application was extended for successive years until Law 11/2020, of December 30, on General State Budgets for the year 2021 ( BOE of 31) in its first repealing provision has established the indefinite maintenance of the Wealth Tax. To this end, the second section of the sole article of Royal Decree-Law 13/2011 is repealed with effect from January 1, 2021.