Recently somebody (cant remember who/where) asked me if the Wealth Tax has been abolished ? well now I have it on good authority the answer is Yes it has from 2008 (ie next years Declaracion de Renta) so this is the last year it is payable for 2007

With my natural British cynicism of tax regimes I expect it has been added into another tax somewhere along the line!

Sorry folks - looks like they might be re-thinking it:

The REAL DECRETO-LEY 2/2008, of 21st April, containing several initiatives to improve the economic environment in Spain was passed by the Government last week. Unfortunately the regulations regarding Wealth Tax abolition is not yet included. Keep watching this space

Any updates on the wealth tax situation ??