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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.

FAQs

How is Spanish wealth tax calculated for non-residents who own property in Spain?

Non-residents are taxed on a limited basis, only on assets located in Spain. Property is valued at the highest of three figures: cadastral value, value assessed by the tax authorities or purchase price. Debts taken on to buy the property and the tax-free allowance are deducted, and a progressive scale is applied to the result.

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Last updated: 19/10/2026

Disclaimer. These questions and answers have been prepared based on specific cases which may not be of general application. If you would like personalised advice, please contact us, as the answers may not apply to your particular case and could lead to a detrimental result or one contrary to the law. The company accepts no liability for the content of these questions and answers, since any decision requires a tax study of each specific case.

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