CIM Tax & Legal at elEconomista, we analyze the impact of habitual residence on the Wealth Tax

Today, elEconomista published an article titled “The Supreme Court Allows Lower Payment of Wealth Tax Thanks to Primary Residence,” written by journalist Eva Díaz. This analysis includes the insights and contributions of Carlos Muñoz, partner at CIM Tax & Legal, reinforcing our position as experts in the fiscal field.

A sentence with significant impact

The recent ruling by the Supreme Court sets a key precedent: it authorizes the inclusion of primary residence in the calculation of the 60% limit, which reduces the taxable base of the Wealth Tax and Personal Income Tax (IRPF). Until now, the Tax Agency did not allow the value of primary residence to be considered in this calculation, restricting the application of this tax benefit.

According to Carlos Muñoz, this decision opens new possibilities for taxpayers, such as amending self-assessments and claiming refunds for undue payments made over the past four years. Moreover, in the upcoming tax season, it will be possible to include primary residence as a productive asset in this calculation, optimizing the tax burden.

This ruling represents a significant advancement in fiscal matters, offering affected taxpayers new tools to manage their wealth. At CIM Tax & Legal, we remain vigilant to these changes to provide comprehensive advice that maximizes the legal and fiscal advantages for our clients.

To learn more about this news, you can read the full article on elEconomista.

We thank elEconomista for the trust in our experts.