Tax of 34.2 euros on accounts: the ‘patrimonial tax’ that is paid every year and the legal loophole

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In the latter case we talk about stamp duty on securities and the amount is proportional to the assets. 50,000 euros in securities → 100 euros per year200,000 euros in securities → 400 euros per year. However, there is a legal loophole to avoid paying stamp duty on your current account, provided you don’t have a lot of liquidity. For example, if an account holder has 9,000 euros in his account, he can divide the sum into two separate accounts (4,500 euros each). In this way the average balance of each individual relationship will remain below the legal limit, completely eliminating the tax.