Tax Advice > Services > Non-Residents > Wealth tax

Wealth tax

In Spain, wealth tax is an annual tax that is calculated on the basis of the assets and debts that a natural person has.

For non-residents, both individuals and some legal entities, wealth tax is calculated on the basis of assets (generally real estate) and debts held in Spain. Each double taxation treaty establishes specific characteristics for the calculation of wealth tax.

At Easy Tax Advice we will analyse your particular situation and review whether or not you are obliged to file a wealth tax return as a non-resident.

Disclaimer

These questions and answers have been prepared by analysing specific cases that may not be of generic application, therefore, if you want personalised advice, please contact us, as the resolution of these questions may not be applicable to your specific case and may lead to a harmful result or contrary to the legal system. The company is not responsable for the content of the questions and answers, as a tax study must be carried out for each specific case in order to make decisions.

FAQs

In short, the wealth tax is calculated on the total value of the assets that the non-resident has in Spain, minus the value of the debts incurred for the acquisition of these assets.
It should also be considered that the higher the base amount, the higher the tax rate is.

Date of update: 11/04/2022

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