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Practical Heritage Manual 2022.

Ownership of assets

Regulations: Articles 7 and 8 Wealth Tax Law

Since the Wealth Tax is configured as a strictly individual tax and there is no joint taxation or accumulation of assets of spouses and minor children, it is necessary to delimit the criteria for attribution and imputation of the assets to the taxpayer. In this regard, the Tax Law establishes the following rules:

  1. General criterion and ownership rules in case of marriage
  2. Special cases of property ownership