The Property Increment Tax is eliminated as it hinders saving and investments and because it does not exist anymore in nearly any developed country. This will help tax payers save nearly 1,800 million Euros per year from 2009 onwards.

Beneficiaries

All tax payers liable to pay this tax. According to official estimates, one million tax payers – most of them middle-class workers - will benefit from this measure.

Development

It is currently in force. It is contemplated in Law 4/2008, dated 23 December.

Further information

www.boe.es/boe/dias/2008/12/25/pdfs/A51998-52024.pdf

Telephone no.: 901 33 55 33