Wealth Tax in Spain for Foreigners

Описание: Spain applies a wealth tax on individuals based on their net wealth as of 31 December each year — but the rules vary significantly depending on where you live and whether you are a resident or non-resident.

In this video, our lawyers explain how the wealth tax works in Spain, the regional differences, and how the new solidarity tax on big fortunes affects high-value assets.

📌 Key points explained in this video:
✔️ What the wealth tax in Spain is and how it is calculated
✔️ Current tax rates (0.2% to 3.5%)
✔️ The difference between residents and non-residents
✔️ Worldwide assets vs Spanish-located assets
✔️ The general €700,000 exemption
✔️ Why Andalusia and Madrid are the most favourable regions
✔️ How the solidarity tax on big fortunes works
✔️ Planning considerations for high-net-worth individuals

📊 Wealth Tax Overview:

Spanish residents:
Taxed on worldwide assets, including property, bank accounts, investments and other movable or immovable assets

Non-residents:
Taxed only on Spanish assets

General exemption:
€700,000 applies nationwide (regional reductions may apply)

📍 Regional highlights:

Andalusia: Wealth tax is 100% bonified (effectively zero)

Madrid: Highly favourable exemptions

Valencia: Applies its own regional rules

⚠️ New Solidarity Tax on Big Fortunes:
Spain has introduced a national tax applying regardless of region on assets exceeding €3.7 million, aimed at harmonising wealth taxation across the country.

👨‍⚖️ If you own assets in Spain or are considering relocating, proper tax planning is essential to avoid unexpected liabilities.

Episode Highlights:
00:00 What is wealth tax?
00:41 How does wealth tax effect residents & non-residents?
01:35 How does wealth tax vary within Spanish autonomous regions?
02:18 What is solidarity tax?

👉 Contact us for professional advice on wealth tax and asset structuring in Spain.
[email protected]
+34 956 790 013

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