Spain Wealth Tax Calculator for Non-Residents
Estimate your Spanish Wealth Tax (Impuesto de Patrimonio) as a non-resident. Select the region where most of your Spanish assets are located — some apply significantly more favourable rules than the national rate.
How to calculate your Wealth Tax in Spain
Non-residents may opt for state or regional rules — this calculator applies the most favourable option for each region shown.
Results are indicative estimates only and do not constitute tax advice. Your actual liability may differ depending on your specific circumstances.
Your estimate
This estimate is for guidance only and does not constitute tax advice. Non-residents should file using state rules (Modelo 714) unless regional rules are more favourable — this calculator applies the most favourable option for each region shown. Regional legislation changes frequently. Your actual liability may differ depending on your specific circumstances and applicable tax treaties.
Wealth Tax in Spain for non-residents: what you need to know
Spanish Wealth Tax (Impuesto de Patrimonio) applies to non-residents on the net value of their assets located in Spain. Unlike income tax, this is an annual tax on the stock of wealth rather than on income flows — meaning you can owe it even if your Spanish assets generate no income at all. Non-residents are only taxed on Spanish-situs assets: foreign property, foreign bank accounts and overseas investments are excluded.
How the tax is calculated
The taxable base is the net value of your Spanish assets — gross asset values minus any liabilities directly linked to those assets, such as a mortgage on a Spanish property. A national exemption threshold of €700,000 applies under state rules, meaning only the amount above that threshold is subject to tax. Progressive rates then apply on the excess, ranging from 0.2% to 3.5% under the state scale.
Regional rules: why location matters
The region where most of your Spanish assets are located can dramatically affect your liability. Madrid, Andalucía and Murcia effectively apply a 100% rebate, making Wealth Tax zero for most taxpayers up to €3,700,000. The Balearic Islands apply their own scale with a €3,000,000 threshold. Galicia applies state thresholds but with a 50% rebate on the resulting tax. Non-residents can elect to use regional rules when they are more favourable.
The Solidarity Tax on Large Fortunes (IGF)
Introduced as a national floor, the IGF applies to net wealth above €3,000,000 and was designed to ensure that residents of zero-Wealth-Tax regions still contribute. In practice, Wealth Tax paid is deductible against the IGF, so most taxpayers do not pay both. For very large Spanish patrimonies — particularly in Madrid or Andalucía — the IGF may be the primary liability rather than Wealth Tax itself.
Other annual obligations for non-resident property owners
Wealth Tax is not the only annual obligation for non-residents with Spanish assets. If you own property that you do not rent out, imputed income tax (renta imputada) also applies each year. If you rent the property out, rental income tax under the IRNR must be declared quarterly. And if you are planning to sell, our capital gains tax calculator can help you estimate the liability on any gain.