Spanish wealth tax abolished effective 2009

Spanish 'Wealth Tax' has been abolished with effect from 1 January 2008. As this tax was levied based on assets held on 31 December of a given year, the tax for 2007 will therefore be payable as usual during 2008. However no wealth tax will be payablle for 2008 itself during 2009. (There's another useful link here.)The tax treatment for residents and non-residents is different. Residents pay this