Breakdown of the wealth tax and of the solidarity tax
Exempt part of the main homeart. 4.Nueve, €300,000 ceiling
€300,000.00
Deductible mortgageart. 25.Tres, the proportional part only
€37,500.00
Taxable base (net estate)
€1,212,500.00
Exempt minimumMadrid
€700,000.00
Net taxable base
€512,500.00
Gross liability
€1,726.87
Regional rebateapplied after the state ones
− €1,726.87
Wealth tax payable
€0.00
Total payable across both taxes
€0.00
The tax accrues on 31 December (art. 29): what counts is what you held that day, with no proration and no averaging over the year.
Property is taken at the HIGHEST of three values (art. 10.Uno): the cadastral value, the value checked by the tax authorities for another tax, and the purchase price. It is not market value, and it is not just the cadastral value.
The main-home exemption requires a right of use or enjoyment. A bare owner cannot claim it, even where the property is somebody else's main home.
The 60 % limit has not been applied: it needs your income-tax taxable base and gross liability. Both are in the adjustments, each with its box number.
Form 714 for 2025 is filed between 8 April and 30 June 2026 (art. 7.2 of Order HAC/277/2026), but if you pay by direct debit the window closes on 25 June. And it cannot be split: the two November instalments belong to the income tax alone.
The wealth tax is paid in one go. The two-instalment option in article 11.5 of the Order is granted to the income tax only.
The 75 % Ceuta and Melilla rebate (art. 33) is not calculated here; it also requires residence in those cities, except for holdings in entities domiciled there.
Each region's specific deductions and rebates are not calculated (protected estates for people with disabilities, managed woodland, farm holdings, cultural goods, start-ups). If one applies to you, the figure shown is a ceiling and you will pay less.
The Basque Country and Navarre are out of scope: each runs its own wealth tax under its own fiscal regime.
Adjustments: mortgage, exempt assets, income tax+
All optional. The mortgage on your main home is deductible only in proportion to the taxable part of it; the two income-tax boxes switch on the joint 60 % limit.
Educational estimate based on Act 19/1991, Act 38/2022 and the regional rules in force for 2026. It does not constitute tax advice.
The exempt minimum ranges from €500,000 in Catalonia and Extremadura to €3,000,000 in the Balearic Islands, and not every region applies the same scale. Always check your region's rules for the year.