Wealth Tax

The Wealth Tax in Spain is an annual tax on the total net value of assets. It must be submitted individually: it cannot be submitted jointly with your partner or spouse. If you are a non-resident, it will apply only to the assets you hold in Spain.

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The Wealth Tax is a percentage between  0,2% - 2,5%. This tax return must be filed from  April until the 30th of June for the previous tax year.

Not everyone that have assets is obliged to file this form. There are significant tax allowances which may also change according to where you live and where the asset is held. As such, a thorough analysis of your specific situation is essential.