14 Oct 2017 3:30 PM:
Firstly, which region do you live (or intend to live) in? Regions have different rules on patrimonio tax. For example, the Madrid region has a 100% allowance so there is no wealth tax to pay. Most other regions have €700,000 exemption for each person (€500,000 in Catalonia) so a married couple would have €1.400,000 exemption and, if they are resident, another 300k each so wealth tax wouldn't kick in unless they have over €2,000,000 in assets. Even then, the tax goes from 0.2% for assets 0-167,000 (that's over the 2 million allowance) up to over 10 and half million in assets over and above your 2 million allowance.
If your total wealth is above the allowances, take specialist advice on exactly how it will affect you and what your options are to reduce it as I doubt many on here will have the kind of assets to pay it.
Thread:
Detail on Wealth Tax -
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