{"id":3884,"date":"2020-11-23T16:38:39","date_gmt":"2020-11-23T15:38:39","guid":{"rendered":"https:\/\/zafolaw.com\/?p=3884"},"modified":"2026-02-06T15:32:02","modified_gmt":"2026-02-06T14:32:02","slug":"spanish-wealth-tax-in-andalusia","status":"publish","type":"post","link":"https:\/\/zafolaw.com\/en\/spanish-wealth-tax-in-andalusia\/","title":{"rendered":"Spanish wealth tax in Andalusia"},"content":{"rendered":"\n<p>The Spanish wealth tax was actually suspended with effect from the tax year 2008, but as a result of the severe economic crisis the wealth tax was revived initially with effect for the period 2011-2016 and later also for 2017-2020.<\/p>\n\n\n<h2>Who is liable for wealth tax?<\/h2>\n<p>The Spanish wealth tax return must be submitted before 30 June of the following income year, when one of the following conditions is met:<\/p>\n<p><b>Resident<\/b><\/p>\n<ul>\n<li><i>Global net worth &gt; 700,000 euros.<\/i><\/li>\n<li><i>Global gross wealth &gt; 2 mio euros.<\/i><\/li>\n<\/ul>\n<p><b>Non-resident<\/b><\/p>\n<ul>\n<li><i>Spanish net worth &gt; 700,000 euros<\/i><\/li>\n<li><i>Spanish gross wealth &gt; 2 mio euro.<\/i><\/li>\n<\/ul>\n<h2>Gross wealth<\/h2>\n<p>Gross wealth is defined as the value of all assets and rights that are not exempt from wealth taxation.<\/p>\n<h2>Assets and rights exempt from wealth taxation<\/h2>\n<p>There are some assets and rights that are exempt from wealth taxation, and they are therefore not included in the calculation of gross wealth.<\/p>\n<table border=\"0\" width=\"100%\" cellspacing=\"0\" cellpadding=\"0\">\n<tbody>\n<tr>\n<td class=\"td dark-blue left\">Asset \/ right<\/td>\n<td class=\"td dark-blue right\">Exempt<\/td>\n<\/tr>\n<tr>\n<td class=\"td light-blue left\">Primary housing<\/td>\n<td class=\"td light-blue right\">300,000 euros<\/td>\n<\/tr>\n<tr>\n<td class=\"td left\">Certain works of art<\/td>\n<td class=\"td right\">2,400 &#8211; 90,150 euros<\/td>\n<\/tr>\n<tr>\n<td class=\"td light-blue left\">Pension scheme<\/td>\n<td class=\"td light-blue right\">100%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h2>Spanish wealth tax calculation<\/h2>\n<p>The calculation of the Spanish wealth tax in summary form looks like this:<\/p>\n<table border=\"0\" width=\"100%\" cellspacing=\"0\" cellpadding=\"0\">\n<tbody>\n<tr>\n<td class=\"td dark-blue left\">Calculation of Spanish wealth tax<\/td>\n<\/tr>\n<tr>\n<td class=\"td left\">Gross wealth<\/td>\n<\/tr>\n<tr>\n<td class=\"td left bottom-border\">&#8211; Debt<\/td>\n<\/tr>\n<tr>\n<td class=\"td left bottom-border\">= Net worth<\/td>\n<\/tr>\n<tr>\n<td class=\"td left \">&#8211; Deduction<\/td>\n<\/tr>\n<tr>\n<td class=\"td left \">= Taxable wealth<\/td>\n<\/tr>\n<tr>\n<td class=\"td left bottom-border\">x Wealth tax rate<\/td>\n<\/tr>\n<tr>\n<td class=\"td left bottom-border\">= Calculated wealth tax<\/td>\n<\/tr>\n<tr>\n<td class=\"td left \">&#8211; Reduction due to wealth tax limit<\/td>\n<\/tr>\n<tr>\n<td class=\"td left \">&#8211; Foreign paid wealth tax limit<\/td>\n<\/tr>\n<tr>\n<td class=\"td left bottom-border\">&#8211; Local special reduction (transfer tax, inheritage tax&#8230;)<\/td>\n<\/tr>\n<tr>\n<td class=\"td left light-blue bottom-border\">= Deed price, acquistion value<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h2>Valuation of real estate<\/h2>\n<p>Real estate is generally valued at the higher of the following three possible values:<\/p>\n<ul>\n<li>\n<p>Cadastral value (valor catastral)<\/p>\n<\/li>\n<li>\n<p>Value verified by the Spanish tax authorities regarding other tax (transfer tax, inheritance tax&#8230;)<\/p>\n<\/li>\n<li>Deed price, acquisition value&#8230;<\/li>\n<\/ul>\n<h2>Deduction<\/h2>\n<p>If no local deduction has been adopted, the national deduction can be applied. If the national basic deduction is more attractive than the local one, non-residents can apply the national one.<\/p>\n<table border=\"0\" width=\"100%\" cellspacing=\"0\" cellpadding=\"0\">\n<tbody>\n<tr>\n<td class=\"td dark-blue left\">Deduction 2020<\/td>\n<td class=\"td dark-blue right\">Euros<\/td>\n<\/tr>\n<tr>\n<td class=\"td light-blue left bottom-border\">National<\/td>\n<td class=\"td light-blue right bottom-border\">700,000<\/td>\n<\/tr>\n<tr>\n<td class=\"td left light-blue bottom-border\">Andalusia<\/td>\n<td class=\"td right bottom-border\">700,000<\/td>\n<\/tr>\n<tr>\n<td class=\"td left light-blue bottom-border\">Catalonia (residents)<\/td>\n<td class=\"td right bottom-border\">500,000<\/td>\n<\/tr>\n<tr>\n<td class=\"td left light-blue bottom-border\">Catalonia (non-residents)<\/td>\n<td class=\"td right bottom-border\">700,000<\/td>\n<\/tr>\n<tr>\n<td class=\"td left light-blue bottom-border\">Madrid<\/td>\n<td class=\"td right bottom-border\">700,000<\/td>\n<\/tr>\n<tr>\n<td class=\"td left light-blue bottom-border\">Mallorca<\/td>\n<td class=\"td right bottom-border\">700,000<\/td>\n<\/tr>\n<tr>\n<td class=\"td left light-blue bottom-border\">Murcia<\/td>\n<td class=\"td right bottom-border\">700,000<\/td>\n<\/tr>\n<tr>\n<td class=\"td left light-blue bottom-border\">Valencia (residents)<\/td>\n<td class=\"td right bottom-border\">600,000<\/td>\n<\/tr>\n<tr>\n<td class=\"td left light-blue bottom-border\">Valencia (non-residents)<\/td>\n<td class=\"td right bottom-border\">700,000<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h2>The national wealth tax rates<\/h2>\n<p>The national wealth tax rates are applied when no other rates are set locally.<\/p>\n<table border=\"0\" width=\"100%\" cellspacing=\"0\" cellpadding=\"0\">\n<tbody>\n<tr>\n<td class=\"td dark-blue center\" colspan=\"4\">Wealth tax rates 2020 national euros<\/td>\n<\/tr>\n<tr>\n<td class=\"td light-blue right bottom-border\" style=\"width: 30%;\">Taxable wealth<\/td>\n<td class=\"td light-blue right bottom-border\" style=\"width: 25%;\">Tax<\/td>\n<td class=\"td light-blue right bottom-border\" style=\"width: 25%;\">Interval<\/td>\n<td class=\"td light-blue right bottom-border\" style=\"width: 20%;\">%<\/td>\n<\/tr>\n<tr>\n<td class=\"td right bottom-border\">0<\/td>\n<td class=\"td right bottom-border\">0<\/td>\n<td class=\"td right bottom-border\">167,129<\/td>\n<td class=\"td light-blue right bottom-border\">0.20<\/td>\n<\/tr>\n<tr>\n<td class=\"td right bottom-border\">167,129<\/td>\n<td class=\"td right bottom-border\">334<\/td>\n<td class=\"td right bottom-border\">167,123<\/td>\n<td class=\"td light-blue right bottom-border\">0.30<\/td>\n<\/tr>\n<tr>\n<td class=\"td right bottom-border\">334,253<\/td>\n<td class=\"td right bottom-border\">836<\/td>\n<td class=\"td right bottom-border\">334,247<\/td>\n<td class=\"td light-blue right bottom-border\">0.50<\/td>\n<\/tr>\n<tr>\n<td class=\"td right bottom-border\">668,500<\/td>\n<td class=\"td right bottom-border\">2,507<\/td>\n<td class=\"td right bottom-border\">668,500<\/td>\n<td class=\"td light-blue right bottom-border\">0.90<\/td>\n<\/tr>\n<tr>\n<td class=\"td right bottom-border\">1,337,000<\/td>\n<td class=\"td right bottom-border\">8,523<\/td>\n<td class=\"td right bottom-border\">1,337,000<\/td>\n<td class=\"td light-blue right bottom-border\">1.30<\/td>\n<\/tr>\n<tr>\n<td class=\"td right bottom-border\">2,673,999<\/td>\n<td class=\"td right bottom-border\">25,904<\/td>\n<td class=\"td right bottom-border\">2,673,999<\/td>\n<td class=\"td light-blue right bottom-border\">1.70<\/td>\n<\/tr>\n<tr>\n<td class=\"td right bottom-border\">5,347,998<\/td>\n<td class=\"td right bottom-border\">71,362<\/td>\n<td class=\"td right bottom-border\">5,347,998<\/td>\n<td class=\"td light-blue right bottom-border\">2.10<\/td>\n<\/tr>\n<tr>\n<td class=\"td right bottom-border\">10,695,996<\/td>\n<td class=\"td right bottom-border\">183,670<\/td>\n<td class=\"td right bottom-border\">Here after<\/td>\n<td class=\"td light-blue right bottom-border\">2.50<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><em>Example of national wealth tax calculation:<\/em><\/p>\n<p>Of a taxable wealth of 500,000 euros, the wealth tax amounts to 836 euros of the first 334,253 euros, and 0.5% of the remaining taxable wealth corresponding to 829 euros. In total, the Spanish wealth tax calculated according to national rates thus amounts to 1,665 euros.<\/p>\n<h2>Reduction in the calculated wealth tax<\/h2>\n<p>Local special deductions in the calculated wealth tax for the years 2019 and 2020.<\/p>\n<ul>\n<li>100% Madrid (2019 and 2020)<\/li>\n<li>75% La Rioja (2019)<\/li>\n<\/ul>\n<div class=\"box-light\">\n<h2>Wealth tax limit<\/h2>\n<p>Of the taxable income (profit excluded), the income tax plus the wealth tax can amount to a maximum of 60%. However, the wealth tax can be reduced to a maximum of 20% of the calculated wealth tax.<\/p>\n<\/div>\n<h2>Wealth tax rates Andalusia<\/h2>\n<p>As can be seen below, local wealth tax rates in Andalusia do not differ significantly from national ones.<\/p>\n<table border=\"0\" width=\"100%\" cellspacing=\"0\" cellpadding=\"0\">\n<tbody>\n<tr>\n<td class=\"td dark-blue center\" colspan=\"4\">Wealth tax rates 2020 Andalusia euros<\/td>\n<\/tr>\n<tr>\n<td class=\"td light-blue right bottom-border\" style=\"width: 30%;\">Taxable wealth<\/td>\n<td class=\"td light-blue right bottom-border\" style=\"width: 25%;\">Tax<\/td>\n<td class=\"td light-blue right bottom-border\" style=\"width: 25%;\">Interval<\/td>\n<td class=\"td light-blue right bottom-border\" style=\"width: 20%;\">%<\/td>\n<\/tr>\n<tr>\n<td class=\"td right bottom-border\">0<\/td>\n<td class=\"td right bottom-border\">0<\/td>\n<td class=\"td right bottom-border\">167,129<\/td>\n<td class=\"td light-blue right bottom-border\">0.24<\/td>\n<\/tr>\n<tr>\n<td class=\"td right bottom-border\">167,129<\/td>\n<td class=\"td right bottom-border\">401<\/td>\n<td class=\"td right bottom-border\">167,123<\/td>\n<td class=\"td light-blue right bottom-border\">0.36<\/td>\n<\/tr>\n<tr>\n<td class=\"td right bottom-border\">334,253<\/td>\n<td class=\"td right bottom-border\">1,003<\/td>\n<td class=\"td right bottom-border\">334,247<\/td>\n<td class=\"td light-blue right bottom-border\">0.61<\/td>\n<\/tr>\n<tr>\n<td class=\"td right bottom-border\">668,500<\/td>\n<td class=\"td right bottom-border\">3,042<\/td>\n<td class=\"td right bottom-border\">668,500<\/td>\n<td class=\"td light-blue right bottom-border\">1.09<\/td>\n<\/tr>\n<tr>\n<td class=\"td right bottom-border\">1,337,000<\/td>\n<td class=\"td right bottom-border\">10,328<\/td>\n<td class=\"td right bottom-border\">1,337,000<\/td>\n<td class=\"td light-blue right bottom-border\">1.57<\/td>\n<\/tr>\n<tr>\n<td class=\"td right bottom-border\">2,673,999<\/td>\n<td class=\"td right bottom-border\">31,319<\/td>\n<td class=\"td right bottom-border\">2,673,999<\/td>\n<td class=\"td light-blue right bottom-border\">2.06<\/td>\n<\/tr>\n<tr>\n<td class=\"td right bottom-border\">5,347,998<\/td>\n<td class=\"td right bottom-border\">86,404<\/td>\n<td class=\"td right bottom-border\">5,347,998<\/td>\n<td class=\"td light-blue right bottom-border\">2.54<\/td>\n<\/tr>\n<tr>\n<td class=\"td right bottom-border\">10,695,996<\/td>\n<td class=\"td right bottom-border\">222,243<\/td>\n<td class=\"td right bottom-border\">Here after<\/td>\n<td class=\"td light-blue right bottom-border\">3.03<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>\u00a0<\/p>\n<p><em>Example wealth tax calculation Andalusia:<\/em><\/p>\n<p>Of a taxable wealth of 500,000 euros, the wealth tax amounts to 1,003 euros of the first 334,253 euros, and 0.61%, of the remaining taxable wealth corresponding to 1,011 euros. In total, the Spanish wealth tax after the rates in Andalusia thus amounts to 2,014 euros.<\/p>\n<p>\u00a0<\/p>\n<p>Download this article as pdf &#8211; <a href=\"https:\/\/zafolaw.com\/wp-content\/uploads\/2020\/11\/en_wealthtax-andalusia.pdf\" target=\"_blank\" rel=\"noopener noreferrer\">click here<\/a><\/p>\n\n\n","protected":false},"excerpt":{"rendered":"<p>The Spanish wealth tax was actually suspended with effect from the tax year 2008, but as a result of the severe economic crisis, the wealth tax was revived with effect for the period 2011-2016 then also for 2017-2020.<\/p>\n","protected":false},"author":1,"featured_media":3088,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[69,74],"tags":[],"class_list":["post-3884","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-articles","category-private"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - 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