{"id":22409,"date":"2026-03-16T09:00:00","date_gmt":"2026-03-16T08:00:00","guid":{"rendered":"https:\/\/delaguialuzon.com\/?p=22409"},"modified":"2026-10-06T12:36:33","modified_gmt":"2026-10-06T10:36:33","slug":"spanish-wealth-tax","status":"publish","type":"post","link":"https:\/\/delaguialuzon.com\/en\/blog\/spanish-wealth-tax\/","title":{"rendered":"Spanish wealth tax and taxes on passive income in Spain"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"22409\" class=\"elementor elementor-22409\" data-elementor-post-type=\"post\">\n\t\t\t\t<div class=\"elementor-element elementor-element-9ffd725 e-flex e-con-boxed e-con e-parent\" data-id=\"9ffd725\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-da0eea1 elementor-widget elementor-widget-text-editor\" data-id=\"da0eea1\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<div style=\"background-color: #f5f7f5; padding: 20px; border-radius: 4px; border: 1px solid #ddd; margin: 20px 0;\">\n<h2 style=\"margin-top: 0; font-size: 1.4rem;\">Spanish wealth tax: key points<\/h2>\n<ul>\n \t<li>The <strong>Spanish wealth tax<\/strong> is based on the net value of your assets on 31 December each year, not on your annual earnings.<\/li>\n \t<li><strong>Passive income,<\/strong> such as interest, dividends, capital gains and rental income, is taxed separately under Spain\u2019s personal income tax or non-resident tax rules.<\/li>\n \t<li>Tax residency status determines whether you are taxed on worldwide assets and income or only on Spanish assets and Spanish-source income.<\/li>\n \t<li>Non-residents, including UK and US owners of Spanish property, are taxed on wealth only for assets located in Spain and receive the state exempt minimum of \u20ac700,000.<\/li>\n \t<li>In the Comunitat Valenciana, residents have an exempt minimum of \u20ac2,000,000 for wealth held on 31 December 2026 (Ley 5\/2026, in force since 11 August 2026), up from \u20ac1,000,000 for 2025, but this figure is not available to non-residents.<\/li>\n \t<li>The wealth tax return (Modelo 714) follows the income tax campaign: for the 2025 return, the filing period ran from 8 April to 30 June 2026.<\/li>\n \t<li>A separate Temporary Solidarity Tax on Large Fortunes applies to net wealth above \u20ac3,000,000, has its own filing period starting on 1 July and is prorogued as at 6 October 2026.<\/li>\n<\/ul>\n<\/div>\n<section class=\"dlg-tax-article\">\n<h2>Spanish wealth tax and passive income taxation explained<\/h2>\n<p class=\"intro\">If you live in Spain, plan to move here, or hold Spanish assets, you need to understand how the <strong>Spanish wealth tax<\/strong> works alongside the taxation of passive income.<\/p>\n<p class=\"intro\">These are separate parts of the system.<\/p>\n<p class=\"intro\">One looks at the value of your net assets on 31 December, while the other taxes what those assets produce during the year, such as interest, dividends, capital gains and rental income.<\/p>\nThe rules look simple at first, but the details matter.\n\nSpain combines state tax law with regional powers, so your position may depend on whether you are a tax resident, which autonomous community applies to you, and whether your income comes from Spain or abroad.\n\nThat is why people reviewing their <a href=\"https:\/\/delaguialuzon.com\/en\/blog\/residency-in-spain\/\"  rel=\"noopener\">residency in Spain<\/a> or planning <a href=\"https:\/\/delaguialuzon.com\/en\/blog\/long-term-residence-in-spain\/\"  rel=\"noopener\">long-term residence in Spain<\/a> should look at wealth and passive income together rather than in isolation.\n<h2>What is the Spanish wealth tax?<\/h2>\nSpanish wealth tax, or <em>Impuesto sobre el Patrimonio<\/em>, is an annual tax on an individual\u2019s net wealth. Under <a href=\"https:\/\/www.boe.es\/buscar\/act.php?id=BOE-A-1991-14392\" target=\"_blank\" rel=\"dofollow noopener\">Law 19\/1991 published in the BOE<\/a>, it is a direct personal tax charged on the net value of assets and rights after deducting debts and liabilities.\n\nThe tax is assessed by reference to the taxpayer\u2019s position on <strong>31 December<\/strong> each year.\n<div class=\"fact-box\">\n<div style=\"background: #ffffff; color: #000000; border: 2px solid #708473; border-radius: 6px; padding: 16px; margin: 18px 0; line-height: 1.6;\"><strong>Key fact:<\/strong> The Spanish wealth tax is not the same as income tax. You may have little earned income in a given year and still need to review whether a wealth tax filing is required.<\/div>\n<\/div>\nAccording to the <a href=\"https:\/\/sede.agenciatributaria.gob.es\/Sede\/declaraciones-informativas-otros-impuestos-tasas\/impuesto-sobre-patrimonio\/quienes-estan-sujetos-impuesto-sobre-patrimonio.html\" target=\"_blank\" rel=\"dofollow noopener\">Spanish Tax Agency guidance on who is subject to wealth tax<\/a>, Spanish tax residents are generally taxed on their worldwide assets, while non-residents are generally taxed only on assets and rights located, exercisable or enforceable in Spain. This distinction is particularly important for expatriates, investors, retirees and internationally mobile families.\n<h2>Who needs to file?<\/h2>\nThe <a href=\"https:\/\/sede.agenciatributaria.gob.es\/Sede\/declaraciones-informativas-otros-impuestos-tasas\/impuesto-sobre-patrimonio\/quienes-estan-obligados-presentar-declaracion-ipatrimonio.html\" target=\"_blank\" rel=\"dofollow noopener\">Agencia Tributaria page on who must file wealth tax<\/a> explains that a return is generally required if tax is payable, or if the total value of assets and rights exceeds <strong>\u20ac2,000,000<\/strong>, even where no final tax is due after exemptions and allowances. The return is filed using <strong>Modelo 714<\/strong>.\n<p>The filing period is the same as for personal income tax and is set each year. For the 2025 return, <a href=\"https:\/\/sede.agenciatributaria.gob.es\/static_files\/Sede\/Biblioteca\/Manual\/Practicos\/Patrimonio\/Patrimonio-2025\/ManualPatrimonio2025_es_es.pdf\" target=\"_blank\" rel=\"dofollow noopener\">the AEAT practical manual on wealth tax<\/a> gives 8 April to 30 June 2026, and a return paid by direct debit had to be filed by 25 June 2026. The <a href=\"https:\/\/atv.gva.es\/es\/ipatrimoni\" target=\"_blank\" rel=\"nofollow noopener\">Valencian tax agency (ATV)<\/a> confirms that the same period applies to every wealth tax return, whatever the result.<\/p>\n<div class=\"tip-box\">\n<div class=\"fact-box\">\n<div style=\"background: #ffffff; color: #000000; border: 2px solid #708473; border-radius: 6px; padding: 16px; margin: 18px 0; line-height: 1.6;\"><strong>Tip:<\/strong> Do not assume that no tax due means no filing obligation. Spain can still require a wealth tax return when your total gross assets exceed the filing threshold.<\/div>\n<\/div>\n<\/div>\n<div class=\"table-wrap\">\n<table>\n<thead>\n<tr>\n<th>Rule<\/th>\n<th>General position<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>Tax residents<\/td>\n<td>Usually taxed on worldwide assets<\/td>\n<\/tr>\n<tr>\n<td>Non-residents<\/td>\n<td>Usually taxed only on Spanish assets<\/td>\n<\/tr>\n<tr>\n<td>General minimum exempt amount<\/td>\n<td>\u20ac700,000 for non-residents. Residents get the figure approved by their autonomous community, or \u20ac700,000 if it has approved none<\/td>\n<\/tr>\n<tr>\n<td>Main home exemption<\/td>\n<td>Up to \u20ac300,000 for the habitual residence of resident taxpayers<\/td>\n<\/tr>\n<tr>\n<td>Annual reference date<\/td>\n<td>31 December<\/td>\n<\/tr>\n<tr>\n<td>Return form<\/td>\n<td>Modelo 714<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<div><\/div>\n<div class=\"highlight-box\"><img fetchpriority=\"high\" decoding=\"async\" class=\"aligncenter wp-image-22424 size-full\" src=\"https:\/\/delaguialuzon.com\/wp-content\/uploads\/2026\/03\/visual-selection-24-scaled-e1773150107268.png\" alt=\"who is subject to spanish wealth tax?\" width=\"2543\" height=\"1070\" srcset=\"https:\/\/delaguialuzon.com\/wp-content\/uploads\/2026\/03\/visual-selection-24-scaled-e1773150107268.png 2543w, https:\/\/delaguialuzon.com\/wp-content\/uploads\/2026\/03\/visual-selection-24-scaled-e1773150107268-300x126.png 300w, https:\/\/delaguialuzon.com\/wp-content\/uploads\/2026\/03\/visual-selection-24-scaled-e1773150107268-1024x431.png 1024w, https:\/\/delaguialuzon.com\/wp-content\/uploads\/2026\/03\/visual-selection-24-scaled-e1773150107268-768x323.png 768w, https:\/\/delaguialuzon.com\/wp-content\/uploads\/2026\/03\/visual-selection-24-scaled-e1773150107268-1536x646.png 1536w, https:\/\/delaguialuzon.com\/wp-content\/uploads\/2026\/03\/visual-selection-24-scaled-e1773150107268-2048x862.png 2048w\" sizes=\"(max-width: 2543px) 100vw, 2543px\" \/><\/div>\n<h2>How the wealth tax rates work<\/h2>\nThe <strong>Spanish wealth tax<\/strong> is progressive. The state scale starts at <strong>0.2%<\/strong> and rises to <strong>3.5%<\/strong>, although autonomous communities can approve their own scales, allowances and rebates.\n\nThe legal basis sits in <a href=\"https:\/\/www.boe.es\/buscar\/act.php?id=BOE-A-1991-14392\" target=\"_blank\" rel=\"dofollow noopener\">the BOE text of Law 19\/1991<\/a>, while the <a href=\"https:\/\/sede.agenciatributaria.gob.es\/Sede\/declaraciones-informativas-otros-impuestos-tasas\/impuesto-sobre-patrimonio.html\" target=\"_blank\" rel=\"dofollow noopener\">Agencia Tributaria wealth tax section <\/a>provides the practical filing framework.\n\nThis regional flexibility is one reason why wealth planning often needs a location-specific review, especially for people buying property or relocating between communities.\n\nIt also links to wider property planning.\n\nAnyone acquiring a home or investment property should consider wealth tax alongside transfer taxes, ownership structure and holding costs.\n<div class=\"table-wrap\">\n<table>\n<thead>\n<tr>\n<th>State scale reference<\/th>\n<th>Marginal rate<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>Lowest bracket<\/td>\n<td>0.2%<\/td>\n<\/tr>\n<tr>\n<td>Mid-range brackets<\/td>\n<td>0.3% to 2.1%<\/td>\n<\/tr>\n<tr>\n<td>Top bracket in the state scale<\/td>\n<td>3.5%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<h2>How passive income is taxed in Spain<\/h2>\nPassive income is taxed separately from the <strong>Spanish wealth tax<\/strong>.\n\nFor residents, interest, dividends and most capital gains usually fall into the savings tax base under the Spanish personal income tax rules set out in <a href=\"https:\/\/www.boe.es\/buscar\/act.php?id=BOE-A-2006-20764\" target=\"_blank\" rel=\"dofollow noopener\">Law 35\/2006 on Personal Income Tax<\/a>.\n<div class=\"chart\">\n<div class=\"bar-row\" style=\"margin-bottom: 0;\">\n<div class=\"bar-track\">\n<div class=\"bar-fill\" style=\"width: 30%;\">\n<table style=\"width: 100%; border-collapse: collapse; margin: 18px 0; font-size: 15px;\">\n<thead>\n<tr style=\"background: #f5f7f5;\">\n<th style=\"border: 1px solid #ddd; padding: 12px; text-align: left;\">Savings income band<\/th>\n<th style=\"border: 1px solid #ddd; padding: 12px; text-align: left;\">Tax rate<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td style=\"border: 1px solid #ddd; padding: 12px;\">Up to \u20ac6,000<\/td>\n<td style=\"border: 1px solid #ddd; padding: 12px;\">19%<\/td>\n<\/tr>\n<tr>\n<td style=\"border: 1px solid #ddd; padding: 12px;\">\u20ac6,000 to \u20ac50,000<\/td>\n<td style=\"border: 1px solid #ddd; padding: 12px;\">21%<\/td>\n<\/tr>\n<tr>\n<td style=\"border: 1px solid #ddd; padding: 12px;\">\u20ac50,000 to \u20ac200,000<\/td>\n<td style=\"border: 1px solid #ddd; padding: 12px;\">23%<\/td>\n<\/tr>\n<tr>\n<td style=\"border: 1px solid #ddd; padding: 12px;\">\u20ac200,000 to \u20ac300,000<\/td>\n<td style=\"border: 1px solid #ddd; padding: 12px;\">27%<\/td>\n<\/tr>\n<tr>\n<td style=\"border: 1px solid #ddd; padding: 12px;\">Above \u20ac300,000<\/td>\n<td style=\"border: 1px solid #ddd; padding: 12px;\">30%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<\/div>\n<\/div>\n<p class=\"small-note\">These percentages are commonly used for savings income bands under the current personal income tax framework.<\/p>\n\n<\/div>\nThis means one person can face both taxes at the same time.\n\nThe <strong>value<\/strong> of an investment portfolio may be relevant for <strong>Spanish wealth tax<\/strong>, while the <strong>returns<\/strong> from that portfolio may be taxed as passive income.\n<div class=\"highlight-box\"><img decoding=\"async\" class=\"aligncenter wp-image-22427 size-full\" src=\"https:\/\/delaguialuzon.com\/wp-content\/uploads\/2026\/03\/visual-selection-25-e1773150396524.png\" alt=\"balancing taxes in Spain\" width=\"1790\" height=\"1160\" srcset=\"https:\/\/delaguialuzon.com\/wp-content\/uploads\/2026\/03\/visual-selection-25-e1773150396524.png 1790w, https:\/\/delaguialuzon.com\/wp-content\/uploads\/2026\/03\/visual-selection-25-e1773150396524-300x194.png 300w, https:\/\/delaguialuzon.com\/wp-content\/uploads\/2026\/03\/visual-selection-25-e1773150396524-1024x664.png 1024w, https:\/\/delaguialuzon.com\/wp-content\/uploads\/2026\/03\/visual-selection-25-e1773150396524-768x498.png 768w, https:\/\/delaguialuzon.com\/wp-content\/uploads\/2026\/03\/visual-selection-25-e1773150396524-1536x995.png 1536w\" sizes=\"(max-width: 1790px) 100vw, 1790px\" \/><\/div>\n<h3>Residents and non-residents compared<\/h3>\n<div class=\"two-col\">\n<div class=\"card\">\n<h4 style=\"margin-top: 0;\">For Spanish residents<\/h4>\n<ul>\n \t<li>Worldwide assets usually matter for the <strong>Spanish wealth tax<\/strong>.<\/li>\n \t<li>Interest, dividends and capital gains usually fall into the savings tax base.<\/li>\n \t<li>Rental income is usually taxed under resident income tax rules.<\/li>\n<\/ul>\n<\/div>\n<div class=\"card\">\n<h4 style=\"margin-top: 0;\">For non-residents<\/h4>\n<ul>\n \t<li>Only assets located in Spain are usually relevant for wealth tax, and the exempt minimum is the state figure of \u20ac700,000.<\/li>\n \t<li>Dividends and interest are generally taxed at 19%, subject to treaty relief.<\/li>\n \t<li>Spanish rental income is taxed at 24% on gross rent, with no deduction of expenses, for residents of the UK, the US and other countries outside the EU and the EEA. Residents of other EU or EEA states that exchange tax information effectively pay 19% and can deduct expenses directly linked to the Spanish income, under <a href=\"https:\/\/www.boe.es\/buscar\/act.php?id=BOE-A-2004-4527\" target=\"_blank\" rel=\"dofollow noopener\">articles 24 and 25 of the non-resident income tax law<\/a>. The <a href=\"https:\/\/sede.agenciatributaria.gob.es\/Sede\/no-residentes\/impuesto-sobre-renta-no-residentes-permanente\/consecuencias-brexit-irnr-sin-establecimiento-permanente.html\" target=\"_blank\" rel=\"dofollow noopener\">AEAT note on the effect of Brexit<\/a> confirms that 24% applies to UK residents for income accrued from 1 January 2021.<\/li>\n<\/ul>\n<\/div>\n<\/div>\nThe official <a href=\"https:\/\/sede.agenciatributaria.gob.es\/Sede\/no-residentes\/irnr-sin-establecimiento-permanente\/tipos-gravamen-irnr-sin-establecimiento-permanente.html\" target=\"_blank\" rel=\"dofollow noopener\">Spanish Tax Agency page on non-resident tax rates<\/a>\nis the clearest reference point for the standard 19% and 24% rates.\n\nFor non-residents declaring Spanish-source income, the\n<a href=\"https:\/\/sede.agenciatributaria.gob.es\/Sede\/todas-gestiones\/impuestos-tasas\/impuesto-sobre-renta-no-residentes\/modelo-210-irnr______a-no-residentes-permanente_\/instrucciones.html\" target=\"_blank\" rel=\"dofollow noopener\">official Modelo 210 instructions<\/a> are also useful.\n<div class=\"tip-box\">Passive income planning should never be separated from residency planning.<\/div>\n<div><\/div>\n<div class=\"tip-box\">A move to Spain, a change in tax residence, or even a mid-year relocation can affect both the scope of reporting and the tax rates that apply.<\/div>\n<h2>Why regional rules matter<\/h2>\nThe headline figures are only part of the story.\n\nWealth tax is largely ceded to the autonomous communities, so scales, exemptions and rebates can vary.\n\nThat means the same portfolio or property position may produce a different result depending on where the taxpayer is resident in Spain.\n\nFor business owners and internationally structured families, this often overlaps with company ownership, contracts and wider residence planning.\n\nIn some cases, it is also worth reviewing <a href=\"https:\/\/delaguialuzon.com\/en\/blog\/spain-corporate-tax\/\" rel=\"noopener\">Spain corporate tax<\/a>, <a href=\"https:\/\/delaguialuzon.com\/en\/blog\/international-contracts-spain\/\" rel=\"noopener\">international contracts in Spain<\/a>, and <a href=\"https:\/\/delaguialuzon.com\/en\/blog\/reduce-your-tax-burden-in-spain\/\" rel=\"noopener\">how to reduce your tax burden in Spain<\/a>.\n<h2>Wealth tax in the Valencian Community<\/h2>\n<p>This section covers Spanish law and the Valencian angle only. If you also file in the US or the UK, coordinate those filings with your home-country adviser.<\/p>\n<p>The Comunitat Valenciana has raised its exempt minimum twice in two years. The <a href=\"https:\/\/atv.gva.es\/es\/ipatrimoni\" target=\"_blank\" rel=\"nofollow noopener\">ATV wealth tax page<\/a> gives \u20ac500,000 until 2024, \u20ac1,000,000 for 2025 and \u20ac2,000,000 from 2026, and the <a href=\"https:\/\/sede.agenciatributaria.gob.es\/static_files\/Sede\/Biblioteca\/Manual\/Practicos\/Patrimonio\/Patrimonio-2025\/ManualPatrimonio2025_es_es.pdf\" target=\"_blank\" rel=\"dofollow noopener\">AEAT manual for the 2025 return<\/a> records the \u20ac1,000,000 figure. The \u20ac2,000,000 minimum took effect on 11 August 2026 and applies to wealth held on 31 December 2026, which is declared in 2027.<\/p>\n<p>The rule comes from <a href=\"https:\/\/www.boe.es\/diario_boe\/txt.php?id=BOE-A-2026-19331\" target=\"_blank\" rel=\"dofollow noopener\">article 19 of Ley 5\/2026 (BOE-A-2026-19331)<\/a>, which rewrites article 8 of Ley 13\/1997. Its wording is:<\/p>\n<blockquote>\u00abLa base imponible de los sujetos pasivos por obligaci\u00f3n personal del impuesto que residan habitualmente en la Comunitat Valenciana se reduce, en concepto de m\u00ednimo exento, en 2.000.000 euros.\u00bb<\/blockquote>\n<h3>Who gets the \u20ac2,000,000 minimum<\/h3>\n<p>The text covers taxpayers who reside habitually in the Comunitat Valenciana. A British or American owner who lives outside Spain does not meet that condition, even if their only Spanish asset is a Valencian property.<\/p>\n<p>For non-residents, <a href=\"https:\/\/www.boe.es\/buscar\/act.php?id=BOE-A-1991-14392\" target=\"_blank\" rel=\"dofollow noopener\">article 28 of Law 19\/1991<\/a> applies the \u20ac700,000 state minimum, both to non-residents taxed on a personal basis and to those taxed only on assets in Spain. Non-residents are taxed only on assets and rights located, exercisable or enforceable in Spain, as the ATV page explains.<\/p>\n<p>Non-residents may also apply the rules of the autonomous community where the highest value of their Spanish assets lies (<a href=\"https:\/\/www.boe.es\/buscar\/act.php?id=BOE-A-1991-14392\" target=\"_blank\" rel=\"dofollow noopener\">additional provision 4 of Law 19\/1991<\/a>). The AEAT manual states the \u20ac700,000 minimum for non-residents, so whether a non-resident can combine the Valencian rules with the \u20ac2,000,000 minimum is a point to confirm. Contact us with your facts before you assume a lower or higher figure.<\/p>\n<p>People who move to Spain under the Beckham regime are taxed on wealth only for assets located in Spain, as the AEAT manual explains for taxpayers under article 93 of the personal income tax law. Our guide to the <a href=\"https:\/\/delaguialuzon.com\/en\/blog\/beckham-law-spanish-tax-regime\/\">Beckham Law<\/a> covers who qualifies, and our guide to <a href=\"https:\/\/delaguialuzon.com\/en\/blog\/uk-spain-double-taxation\/\">UK Spain double taxation<\/a> explains the 183-day rule and residence certificates for British residents.<\/p>\n<h3>How Valencia compares with Madrid, Catalonia and Andalusia<\/h3>\n<p>The table shows the general exempt minimum for residents in the 2025 return, taken from the <a href=\"https:\/\/sede.agenciatributaria.gob.es\/static_files\/Sede\/Biblioteca\/Manual\/Practicos\/Patrimonio\/Patrimonio-2025\/ManualPatrimonio2025_es_es.pdf\" target=\"_blank\" rel=\"dofollow noopener\">AEAT practical manual<\/a>, with the Valencian figure for 2026. Regional rules change every year, so check the current rules for the year that matters to you.<\/p>\n<div class='table-wrap'>\n<table>\n<thead>\n<tr>\n<th>Community<\/th>\n<th>General exempt minimum for residents<\/th>\n<th>Basis<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>Madrid<\/td>\n<td>\u20ac700,000 (no regional minimum is listed, so the state figure applies)<\/td>\n<td>AEAT manual, 2025 return<\/td>\n<\/tr>\n<tr>\n<td>Catalonia<\/td>\n<td>\u20ac500,000<\/td>\n<td>AEAT manual, 2025 return<\/td>\n<\/tr>\n<tr>\n<td>Andalusia<\/td>\n<td>\u20ac700,000 (the regional rule only sets higher minimums for taxpayers with a disability)<\/td>\n<td>AEAT manual and <a href=\"https:\/\/www.boe.es\/buscar\/act.php?id=BOE-A-2021-17915\" target=\"_blank\" rel=\"dofollow noopener\">article 24 of Ley 5\/2021<\/a><\/td>\n<\/tr>\n<tr>\n<td>Comunitat Valenciana<\/td>\n<td>\u20ac1,000,000 for 2025 and \u20ac2,000,000 for wealth held on 31 December 2026<\/td>\n<td>ATV, AEAT manual and Ley 5\/2026, article 19<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<p>The minimum is only part of the comparison. The AEAT manual records a general regional bonus of 100% of the wealth tax quota for Madrid and Andalusia, but states that while the Temporary Solidarity Tax on Large Fortunes remains in force that bonus is replaced by a transitional one, calculated as the difference between the two quotas (2025 return). Our guide to <a href=\"https:\/\/delaguialuzon.com\/en\/blog\/spain-regional-property-taxes\/\">Spain\u2019s regional property taxes<\/a> covers the regional taxes that apply when you buy.<\/p>\n<h3>The 60% limit and the Temporary Solidarity Tax on Large Fortunes<\/h3>\n<p><a href=\"https:\/\/www.boe.es\/buscar\/act.php?id=BOE-A-1991-14392\" target=\"_blank\" rel=\"dofollow noopener\">Article 31 of Law 19\/1991<\/a> caps the wealth tax quota together with the income tax quotas at 60% of the sum of the income tax bases, and the reduction cannot exceed 80% of the wealth tax quota. The article is written for taxpayers taxed on their worldwide wealth, so ask us how it applies to a non-resident owner.<\/p>\n<p><a href=\"https:\/\/www.boe.es\/buscar\/act.php?id=BOE-A-2022-22684\" target=\"_blank\" rel=\"dofollow noopener\">Article 3 of Law 38\/2022<\/a> created a complementary Temporary Solidarity Tax on Large Fortunes, charged on net wealth above \u20ac3,000,000 on the same taxpayers as the wealth tax, with a \u20ac700,000 exempt minimum. Its application is prorogued while the review of wealth taxation within the regional financing reform is pending, and the <a href=\"https:\/\/sede.agenciatributaria.gob.es\/Sede\/declaraciones-informativas-otros-impuestos-tasas\/impuesto-temporal-solidaridad-grandes-fortunas.html\" target=\"_blank\" rel=\"dofollow noopener\">AEAT page for the tax<\/a> states that the filing period starts on 1 July. Taxpayers who are not resident in another EU Member State must appoint a representative resident in Spain before the end of the filing period, which matters for UK and US owners.<\/p>\n<p>Residents who also hold assets abroad should check their reporting duty under the <a href=\"https:\/\/delaguialuzon.com\/en\/blog\/modelo-720-spain\/\">Modelo 720<\/a>. The position above is as at 6 October 2026. To confirm which minimum, scale and bonus apply to your case, use the contact details in the box below.<\/p>\n<h2>Key differences between wealth tax and passive income tax in Spain<\/h2>\nThe <strong>Spanish wealth tax<\/strong> is about what you own.\n\nPassive income tax is about what your assets earn.\n\nIn Spain, both can apply to the same person at the same time, and both are shaped by residency status, source of income and regional rules.\n\nFor residents, the scope can extend to worldwide wealth and global passive income.\n\nFor non-residents, Spanish assets and Spanish-source income remain the main focus.\n\nThe safest approach is to review your position before the end of the tax year, especially if you hold foreign investments, Spanish real estate or income-producing assets.\n\nEarly planning can make a major difference to compliance, disclosure and overall tax efficiency.\n\n<\/section><article class=\"post-content\"><article class=\"blog-post\"><section><\/section><section><\/section><\/article><\/article>\n<div style=\"background-color: #f5f7f5; padding: 20px; border-radius: 5px;\">\n<h2>Professional legal support for Spanish wealth tax and passive income matters<\/h2>\n<a href=\"https:\/\/delaguialuzon.com\/en\/contact\/\">Contact Delagu\u00eda y Luz\u00f3n today<\/a> to receive clear, strategic advice on\n<strong>Spanish wealth tax planning<\/strong>, <strong>passive income taxation<\/strong>, and cross-border tax compliance in Spain.\n<ul>\n \t<li>Email: <a href=\"mailto:felix.delaguia@delaguialuzon.com\">felix.delaguia@delaguialuzon.com<\/a><\/li>\n \t<li>Phone: <a href=\"tel:+34963741657\">+34 963 74 16 57<\/a><\/li>\n<\/ul>\n<\/div>\n<h2>Frequently asked questions<\/h2>\n<h3>Does the \u20ac2,000,000 Valencian exempt minimum apply to a UK or US owner of a Valencian property?<\/h3>\n<p>Only if the owner resides habitually in the Comunitat Valenciana. Article 19 of Ley 5\/2026 refers to taxpayers \u00abque residan habitualmente en la Comunitat Valenciana\u00bb, and article 28 of Law 19\/1991 applies the \u20ac700,000 state minimum to non-residents. Non-residents are taxed only on assets located in Spain. How a non-resident can use the regional rules is a point to confirm for each case, so contact us before filing.<\/p>\n<h3>When is the wealth tax return due, and must I file if no tax is payable?<\/h3>\n<p>The period follows the income tax campaign and is set each year. For the 2025 return it ran from 8 April to 30 June 2026. The AEAT guidance cited above says a return is required if tax is payable, or if the total value of assets and rights exceeds \u20ac2,000,000, even where no tax is due.<\/p>\n<h3>Do I also have to file the Temporary Solidarity Tax on Large Fortunes?<\/h3>\n<p>It applies only to net wealth above \u20ac3,000,000, and it is filed separately from the wealth tax, with a filing period that starts on 1 July. It is prorogued as at 6 October 2026, so check its status for each tax year before you file. If you are not resident in another EU Member State, you must appoint a representative in Spain.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<style>\r\n.lwrp.link-whisper-related-posts{\r\n            \r\n            margin-top: 40px;\nmargin-bottom: 30px;\r\n        }\r\n        .lwrp .lwrp-title{\r\n            \r\n            \r\n        }.lwrp .lwrp-description{\r\n            \r\n            \r\n\r\n        }\r\n        .lwrp .lwrp-list-container{\r\n        }\r\n        .lwrp .lwrp-list-multi-container{\r\n            display: flex;\r\n        }\r\n        .lwrp .lwrp-list-double{\r\n            width: 48%;\r\n        }\r\n        .lwrp .lwrp-list-triple{\r\n            width: 32%;\r\n        }\r\n        .lwrp .lwrp-list-row-container{\r\n            display: flex;\r\n            justify-content: space-between;\r\n        }\r\n        .lwrp .lwrp-list-row-container .lwrp-list-item{\r\n            width: calc(16% - 20px);\r\n        }\r\n        .lwrp .lwrp-list-item:not(.lwrp-no-posts-message-item){\r\n            \r\n            max-width: 150px;list-style: none;\r\n        }\r\n        .lwrp .lwrp-list-item img{\r\n            max-width: 100%;\r\n            height: auto;\r\n            object-fit: cover;\r\n            aspect-ratio: 1 \/ 1;\r\n        }\r\n        .lwrp .lwrp-list-item.lwrp-empty-list-item{\r\n            background: initial !important;\r\n        }\r\n        .lwrp .lwrp-list-item .lwrp-list-link .lwrp-list-link-title-text,\r\n        .lwrp .lwrp-list-item .lwrp-list-no-posts-message{\r\n            \r\n            \r\n            \r\n            font-style: normal;\r\n        }@media screen and (max-width: 480px) {\r\n            .lwrp.link-whisper-related-posts{\r\n                \r\n                \r\n            }\r\n            .lwrp .lwrp-title{\r\n                \r\n                \r\n            }.lwrp .lwrp-description{\r\n                \r\n                \r\n            }\r\n            .lwrp .lwrp-list-multi-container{\r\n                flex-direction: column;\r\n            }\r\n            .lwrp .lwrp-list-multi-container ul.lwrp-list{\r\n                margin-top: 0px;\r\n                margin-bottom: 0px;\r\n                padding-top: 0px;\r\n                padding-bottom: 0px;\r\n            }\r\n            .lwrp .lwrp-list-double,\r\n            .lwrp .lwrp-list-triple{\r\n                width: 100%;\r\n            }\r\n            .lwrp .lwrp-list-row-container{\r\n                justify-content: initial;\r\n                flex-direction: column;\r\n            }\r\n            .lwrp .lwrp-list-row-container .lwrp-list-item{\r\n                width: 100%;\r\n            }\r\n            .lwrp .lwrp-list-item:not(.lwrp-no-posts-message-item){\r\n                \r\n                max-width: initial;\r\n            }\r\n            .lwrp .lwrp-list-item .lwrp-list-link .lwrp-list-link-title-text,\r\n            .lwrp .lwrp-list-item .lwrp-list-no-posts-message{\r\n                \r\n                \r\n                \r\n                \r\n            };\r\n        }<\/style>\r\n<div id=\"link-whisper-related-posts-widget\" class=\"link-whisper-related-posts lwrp\">\r\n    \r\n        <div class=\"lwrp-list-container\">\r\n                                <div class=\"lwrp-list lwrp-list-row-container lwrp-list-single-row\">\r\n                <div class=\"lwrp-list-item\"><a href=\"https:\/\/delaguialuzon.com\/en\/blog\/legal-fees-buying-spanish-property\/\" class=\"lwrp-list-link\"><img width=\"480\" height=\"320\" src=\"https:\/\/delaguialuzon.com\/wp-content\/uploads\/2026\/01\/legal-fees-for-buying-property-in-Spain.jpg\" class=\"attachment-480x480 size-480x480 wp-post-image\" alt=\"legal fees for buying property in Spain\" srcset=\"https:\/\/delaguialuzon.com\/wp-content\/uploads\/2026\/01\/legal-fees-for-buying-property-in-Spain.jpg 795w, https:\/\/delaguialuzon.com\/wp-content\/uploads\/2026\/01\/legal-fees-for-buying-property-in-Spain-300x200.jpg 300w, https:\/\/delaguialuzon.com\/wp-content\/uploads\/2026\/01\/legal-fees-for-buying-property-in-Spain-768x512.jpg 768w\" sizes=\"(max-width: 480px) 100vw, 480px\" \/><br><span class=\"lwrp-list-link-title-text\">Understanding legal fees for buying property in Spain<\/span><\/a><\/div><div class=\"lwrp-list-item\"><a href=\"https:\/\/delaguialuzon.com\/en\/blog\/spanish-non-lucrative-visa\/\" class=\"lwrp-list-link\"><img width=\"480\" height=\"350\" src=\"https:\/\/delaguialuzon.com\/wp-content\/uploads\/2025\/12\/spanish-non-lucrative-visa-application.png\" class=\"attachment-480x480 size-480x480 wp-post-image\" alt=\"Spanish non-lucrative visa application\" srcset=\"https:\/\/delaguialuzon.com\/wp-content\/uploads\/2025\/12\/spanish-non-lucrative-visa-application.png 1184w, https:\/\/delaguialuzon.com\/wp-content\/uploads\/2025\/12\/spanish-non-lucrative-visa-application-300x219.png 300w, https:\/\/delaguialuzon.com\/wp-content\/uploads\/2025\/12\/spanish-non-lucrative-visa-application-1024x747.png 1024w, https:\/\/delaguialuzon.com\/wp-content\/uploads\/2025\/12\/spanish-non-lucrative-visa-application-768x560.png 768w\" sizes=\"(max-width: 480px) 100vw, 480px\" \/><br><span class=\"lwrp-list-link-title-text\">Get your Spanish non-lucrative visa approved<\/span><\/a><\/div><div class=\"lwrp-list-item\"><a href=\"https:\/\/delaguialuzon.com\/en\/blog\/modelo-720-spain\/\" class=\"lwrp-list-link\"><img width=\"480\" height=\"320\" src=\"https:\/\/delaguialuzon.com\/wp-content\/uploads\/2022\/02\/modelo-720-spain.jpg\" class=\"attachment-480x480 size-480x480 wp-post-image\" alt=\"modelo 720 spain\" srcset=\"https:\/\/delaguialuzon.com\/wp-content\/uploads\/2022\/02\/modelo-720-spain.jpg 795w, https:\/\/delaguialuzon.com\/wp-content\/uploads\/2022\/02\/modelo-720-spain-300x200.jpg 300w, https:\/\/delaguialuzon.com\/wp-content\/uploads\/2022\/02\/modelo-720-spain-768x512.jpg 768w\" sizes=\"(max-width: 480px) 100vw, 480px\" \/><br><span class=\"lwrp-list-link-title-text\">Modelo 720: Mandatory informative declaration of foreign assets for Spanish tax residents<\/span><\/a><\/div><div class=\"lwrp-list-item\"><a href=\"https:\/\/delaguialuzon.com\/en\/blog\/uk-spain-double-taxation\/\" class=\"lwrp-list-link\"><img width=\"480\" height=\"321\" src=\"https:\/\/delaguialuzon.com\/wp-content\/uploads\/2025\/12\/uk-spain-double-taxation.jpg\" class=\"attachment-480x480 size-480x480 wp-post-image\" alt=\"uk spain double taxation\" srcset=\"https:\/\/delaguialuzon.com\/wp-content\/uploads\/2025\/12\/uk-spain-double-taxation.jpg 795w, https:\/\/delaguialuzon.com\/wp-content\/uploads\/2025\/12\/uk-spain-double-taxation-300x200.jpg 300w, https:\/\/delaguialuzon.com\/wp-content\/uploads\/2025\/12\/uk-spain-double-taxation-768x513.jpg 768w\" sizes=\"(max-width: 480px) 100vw, 480px\" \/><br><span class=\"lwrp-list-link-title-text\">Stop paying twice: Your essential guide to avoiding UK Spain double taxation<\/span><\/a><\/div><div class=\"lwrp-list-item\"><a href=\"https:\/\/delaguialuzon.com\/en\/blog\/reduce-your-tax-burden-in-spain\/\" class=\"lwrp-list-link\"><img width=\"480\" height=\"321\" src=\"https:\/\/delaguialuzon.com\/wp-content\/uploads\/2025\/12\/Reduce-your-tax-burden-in-Spain.jpg\" class=\"attachment-480x480 size-480x480 wp-post-image\" alt=\"Reduce your tax burden in Spain\" srcset=\"https:\/\/delaguialuzon.com\/wp-content\/uploads\/2025\/12\/Reduce-your-tax-burden-in-Spain.jpg 795w, https:\/\/delaguialuzon.com\/wp-content\/uploads\/2025\/12\/Reduce-your-tax-burden-in-Spain-300x200.jpg 300w, https:\/\/delaguialuzon.com\/wp-content\/uploads\/2025\/12\/Reduce-your-tax-burden-in-Spain-768x513.jpg 768w\" sizes=\"(max-width: 480px) 100vw, 480px\" \/><br><span class=\"lwrp-list-link-title-text\">Reduce your tax burden in Spain: Your income tax guide<\/span><\/a><\/div><div class=\"lwrp-list-item\"><a href=\"https:\/\/delaguialuzon.com\/en\/blog\/spanish-tax-for-australians\/\" class=\"lwrp-list-link\"><img width=\"480\" height=\"320\" src=\"https:\/\/delaguialuzon.com\/wp-content\/uploads\/2026\/02\/Spanish-tax-for-Australians.jpg\" class=\"attachment-480x480 size-480x480 wp-post-image\" alt=\"Spanish tax for Australians\" srcset=\"https:\/\/delaguialuzon.com\/wp-content\/uploads\/2026\/02\/Spanish-tax-for-Australians.jpg 795w, https:\/\/delaguialuzon.com\/wp-content\/uploads\/2026\/02\/Spanish-tax-for-Australians-300x200.jpg 300w, https:\/\/delaguialuzon.com\/wp-content\/uploads\/2026\/02\/Spanish-tax-for-Australians-768x512.jpg 768w\" sizes=\"(max-width: 480px) 100vw, 480px\" \/><br><span class=\"lwrp-list-link-title-text\">Australian expats in Spain: Navigating tax residency and foreign assets<\/span><\/a><\/div>                <\/div>\r\n                <\/div>\r\n<\/div>","protected":false},"excerpt":{"rendered":"<p>Spain taxes wealth and the passive income your assets earn. This post covers the \u20ac2 million Valencian wealth tax minimum (residents of the Comunitat only), the \u20ac700,000 state minimum for non-residents, Modelo 714 and income tax on passive income.<\/p>\n","protected":false},"author":5,"featured_media":22431,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mbp_gutenberg_autopost":false,"_joinchat":[],"footnotes":""},"categories":[54,47],"tags":[],"class_list":["post-22409","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-living-in-spain","category-tax-law"],"permalink_manager":null,"_links":{"self":[{"href":"https:\/\/delaguialuzon.com\/en\/wp-json\/wp\/v2\/posts\/22409","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/delaguialuzon.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/delaguialuzon.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/delaguialuzon.com\/en\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/delaguialuzon.com\/en\/wp-json\/wp\/v2\/comments?post=22409"}],"version-history":[{"count":20,"href":"https:\/\/delaguialuzon.com\/en\/wp-json\/wp\/v2\/posts\/22409\/revisions"}],"predecessor-version":[{"id":28238,"href":"https:\/\/delaguialuzon.com\/en\/wp-json\/wp\/v2\/posts\/22409\/revisions\/28238"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/delaguialuzon.com\/en\/wp-json\/wp\/v2\/media\/22431"}],"wp:attachment":[{"href":"https:\/\/delaguialuzon.com\/en\/wp-json\/wp\/v2\/media?parent=22409"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/delaguialuzon.com\/en\/wp-json\/wp\/v2\/categories?post=22409"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/delaguialuzon.com\/en\/wp-json\/wp\/v2\/tags?post=22409"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}