Andalusia suppresses Wealth Tax
4 October 2022
By ML
Director of Alanda Properties
Andalusia approved to suppress wealth tax on the 21st of September 2022.
In plain English, following on the example of the liberal region of Madrid, it will set on wealth tax an allowance of 100%. Which in practical terms, is tantamount to abolishing wealth tax altogether in the region of Andalusia, so taxpayers with get to pay nada. This change benefits both residents and non-residents in Spain.
This last tax reduction made Andalusia the region with the lowest taxes in all of Spain, along with Madrid.
Contact me at Alanda Properties if you are buying or selling property on the Costa del Sol and Sotogrande. You will be surprised to learn the deals this new market has to offer on prime locations.
2022 © ML. All Rights Reserved.
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