Wealth and solidarity tax
You will know whether you owe wealth tax, how much and how to file.
Spain taxes wealth, and many newcomers have never met a tax like it. This topic helps you work out whether Spanish wealth tax or the solidarity tax on large fortunes applies to you, how the rules differ by region, how to value your assets and how to file.
Pick the article that fits your situation
Spanish wealth tax (Impuesto sobre el Patrimonio) for residents
Explains whether Spanish wealth tax applies to you as a resident, what it counts, which allowance and home exemption reduce it, how the rates and the income-based cap work, and how couples are treated.
The solidarity tax on large fortunes (Impuesto de Solidaridad)
Explains who pays Spain's state tax on very large fortunes, the threshold and rates, whether it is permanent, and how it works alongside regional wealth tax. It is for newcomers with substantial worldwide or Spanish assets.
Regional wealth tax allowances and what locks in your region
Your region decides how much wealth tax you pay, and the bill can range from zero to substantial. This page shows how Spain picks your region, what each region can change, and where to check the current rules. It is for residents and non-residents with assets in Spain.
Valuing your assets for wealth tax and what is exempt
How to value each type of asset for wealth tax (property, shares, bank accounts, funds, crypto) and which assets and debts reduce your taxable wealth. For new residents who need to avoid misvaluation penalties.
Wealth tax on Spanish assets if you live abroad
If you live outside Spain but own Spanish assets, this page shows which assets Spain taxes, which region's rules you can use and which allowance applies. It is for non-residents checking whether they owe wealth tax in Spain.
About this topic
It is for anyone thinking about, planning or carrying out a move to Spain. By the end, you will know whether you owe wealth tax, how much and how to file.
Start with "Spanish wealth tax (Impuesto sobre el Patrimonio) for residents". It explains whether the tax applies to you and what it covers. The other pages then cover the solidarity tax, regional allowances, valuing assets and exemptions, and wealth tax on Spanish assets if you live abroad.
Key rules
- State allowance: The state minimum exempt allowance is 700,000 EUR per person, and the main home is exempt up to 300,000 EUR; regions may set different figures.
- 60% limit: Wealth tax plus income tax cannot exceed 60% of your income tax base, but at least 20% of the wealth tax is always payable.
- Solidarity threshold: The solidarity tax uses a 700,000 EUR allowance, and in practice nothing is payable unless taxable wealth exceeds 3 million EUR.
- Valuation date: Your net wealth is measured on 31 December each year.
- Which region applies: Your region is the one where you were resident for more than 183 days of the year.
- Filing period: The filing period usually runs from early April to 30 June, with direct debit closing a few days earlier.
Wealth and solidarity tax: questions that cross several articles
Do I pay wealth tax on assets abroad or only on my Spanish assets?
It depends on residence: if you are a tax resident in Spain, you pay on your worldwide net wealth, and if you are not, only on assets located in Spain. Read "Spanish wealth tax (Impuesto sobre el Patrimonio) for residents" if you live here, or "Wealth tax on Spanish assets if you live abroad" if you do not.
Do my partner and I file wealth tax together?
No, wealth tax is individual, so each of you files and has your own allowance. Assets count for the person who holds the title, and under a joint property regime such as gananciales they are split half each. "Spanish wealth tax (Impuesto sobre el Patrimonio) for residents" explains the basics, and "Valuing your assets for wealth tax and what is exempt" helps you value each share.
Which region's wealth tax rules apply to me if I moved during the year?
The region where you were resident for more than 183 days of the year applies, and short absences still count as time spent there. Non-residents use the region where most of their assets are worth the most. See "Regional wealth tax allowances and what locks in your region" for how regions differ.
Does the 700,000 EUR allowance mean I owe nothing on a large fortune?
Not necessarily, because the allowance is only the starting point and regions may set different figures. A separate solidarity tax can also apply to very large wealth. Read "Regional wealth tax allowances and what locks in your region" and then "The solidarity tax on large fortunes (Impuesto de Solidaridad)".
Which date decides how much wealth I have for the year?
The date is 31 December, and it applies to every taxpayer whether resident or not. Your assets are valued as they stand on that day. "Valuing your assets for wealth tax and what is exempt" shows how to value each type of asset.
Explore places
Where you live changes the details. See how Spanish regions and cities compare on rent, jobs, weather, safety and healthcare.
What to read next
More in Income, assets, investments, and pensions
Investment income and capital gains
You will know how your portfolio is taxed in Spain and which choices change the result.
Pensions and retirement accounts
You will know who taxes your pension, how withdrawals are treated and what to decide before you become resident.
Timing before you arrive
You will know what to sell, move or restructure before you arrive and what the calendar-year rule means.
Also in Money and taxes
Need certainty before you act?
For important relocation decisions, speak with a qualified human specialist.
Always verify important information with the relevant official authority or a qualified adviser before acting. This website uses large language models together with various public data sources, official government documents and other established sources. Due to the amount of data on this website, some information might be wrong. Information may also be incomplete or outdated.