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Practical Heritage Manual 2022.


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 December 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 the 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 September 17) which initially contemplated its reestablishment only for the years 2011 and 2012.

Since its reestablishment, its application was extended for successive years until Law 11/2020, of December 30, on General State Budgets for the year 2021 ( BOE of December 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 To this end, the second section of the sole article of Royal Decree-Law 13/2011 is repealed with effect from January 1, 2021.