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Spanish wealth tax calculator

What you pay in your own region, what you would pay in the other fourteen, and whether form 714 is due.

Your estate on 31 December at the tax’s own values, and not counting the mortgage on the home
Total payable
€0.00
Wealth tax
€0.00
Solidarity tax
€0.00
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.

Video: how to use the calculator

1

What it taxes, and on what date

Spanish wealth tax is charged on an individual’s net estate on 31 December: what you held that day, with no proration and no averaging over the year. The net estate is the value of your assets and rights less the real charges and personal debts you answer for, with two exceptions almost no summary carries. Charges attaching to exempt assets are not deductible, and where an exemption is partial only the proportional part of the debt comes off.

2

How property is valued, which is where almost everybody goes wrong

A property is not taken at market value, nor at its cadastral value. Article 10.Uno requires the HIGHEST of three: the cadastral value, the value determined or checked by the tax authorities for another tax, and the purchase price. For a home bought twenty years ago the cadastral value usually wins; for one bought last year, the price. Your main home is exempt, but only up to €300,000, and the exemption needs a right of use or enjoyment: a bare owner has neither.

3

The exempt minimum, the scale and the rebates all belong to your region

The State sets a default exempt minimum of €700,000 and a scale running from 0.2 % to 3.5 %, and each region may change all three levels. The Balearic Islands exempt €3,000,000, Valencia €1,000,000 from the 2025 accrual, and Catalonia and Extremadura only €500,000. Extremadura applies the steepest scale in Spain, 0.30 % to 3.75 %. And six regions rebate 100 % or 50 % of the tax, so their wealth tax is zero or half of it until the solidarity tax comes into play.

4

The 60 % limit, and the 20 % that cannot be reduced

Wealth tax plus income tax cannot exceed 60 % of your income-tax taxable base. Before the comparison, the part of the wealth-tax bill attributable to assets incapable of producing income is taken out; afterwards, the reduction is capped at 80 % of the gross liability. That cap is what actually matters on a large estate with modest income: the answer ends up being 20 % of the tax, whatever the 60 % arithmetic said.

5

The solidarity tax, which is no longer temporary

Act 38/2022 created the Temporary Solidarity Tax on Large Fortunes for 2022 and 2023, and additional provision 5.2 of Royal Decree-Law 8/2023 extends it until wealth taxation is reviewed. It has three figures that get confused with one another: you are within the tax above €3,000,000 of net wealth, the exempt minimum is €700,000, and the first band of its scale is €3,000,000 at 0 %. So between €3,000,000 and €3,700,000 you are a taxpayer and owe nothing.

Worked example

Example: €1,200,000 of assets and rights, plus a main home worth €400,000 with a €150,000 mortgage, and €50,000 of other debts. The home is exempt up to €300,000, so €100,000 enters the base; and because it is 75 % exempt, only 25 % of the mortgage deducts, that is €37,500. The taxable base is 1,200,000 + 100,000 − 50,000 − 37,500 = €1,212,500. In Madrid the exempt minimum is €700,000, the net base €512,500 and the gross liability €1,590.32 on the state scale, but the 100 % rebate takes it to zero: nothing to pay and, with a gross estate of €1,600,000, nothing to file either. Move one figure: swap Madrid for Catalonia and the exempt minimum drops to €500,000, the net base rises to €712,500 and with no rebate the whole amount is due. Now change the assets from €1,200,000 to €6,000,000 and the answer inverts: in Madrid the 100 % rebate disappears, because while the solidarity tax exists Madrid’s own law replaces it with the difference between the two taxes, and the region collects exactly what the State would have. In Extremadura, the only 100 % region that wrote no such clause, the opposite happens: the regional bill stays at zero and it is the State that collects.

Frequently asked questions

Who has to file form 714?
Two distinct groups, and the second is the surprise. You must file if, after every deduction and rebate, the tax comes out payable; and also if, without that being so, your assets and rights add up to more than €2,000,000. The tax authority’s own practical manual spells out what the second limb counts: all assets and rights, exempt or not, without regard to charges reducing their value or to personal debts. That is why an entirely exempt, heavily mortgaged estate of three million pays nothing and still files.
Is it true that Madrid charges no wealth tax?
It was true and above a certain level it no longer is. Madrid rebates 100 % of the tax, but its seventh transitional provision suspends that rebate while the solidarity tax is in force and replaces it with one equal to the difference between the wealth-tax bill and the state one. The effect is that above €3,700,000 of net wealth a Madrid resident pays wealth tax again, up to the amount the State would have taken. And in any case the duty to file does not depend on the rebate at all.
What is the exempt minimum in 2026?
It depends where you live. The state default is €700,000 and it applies in Aragon, the Canary Islands, Cantabria, Galicia, La Rioja, Madrid, Asturias, Murcia, Castilla-La Mancha and Castile and Leon. Catalonia and Extremadura stay at €500,000, Valencia rose to €1,000,000 with effect from the 2025 accrual, and the Balearic Islands exempt €3,000,000. Andalusia and Extremadura also legislated higher minimums for taxpayers with a recognised disability.
Is the mortgage on my main home deductible?
Only in part, and this is the rule most often applied wrongly. Article 25.Tres refuses a deduction for debts contracted to acquire exempt assets and adds that where the exemption is partial the proportional part comes off. Your main home is exempt up to €300,000, so on a €500,000 home 60 % is exempt and only 40 % of the mortgage reduces the base. On a €250,000 home, exempt in full, the mortgage does not deduct at all.
What is the 60 % limit and why does it sometimes not go below 20 %?
Article 31 stops the wealth-tax bill plus your income-tax liability exceeding 60 % of your income-tax taxable base, but it caps the reduction at 80 % of the tax. That cap creates a non-reducible minimum of 20 % however far the 60 % is exceeded. In the tax authority’s own worked example the reduction due would be €90,840.30 and the maximum €89,883.50, so €22,470.87 is paid, which is exactly 20 % of the gross liability.
Does the 60 % limit apply to non-residents?
Yes, since 2025, even though the statute still says otherwise. Article 31.Uno reserves it in terms to taxpayers on worldwide assets, but Supreme Court judgments 1372/2025 of 29 October and 1402/2025 of 3 November held that habitual residence does not justify the different treatment and that the difference is discriminatory. The tax authority removed the limiting note from the 2025 form 714, and after the TEAC decisions of 18 December 2025 Order HAC/652/2026 did the same for form 718.
When is it filed, and can it be paid in two instalments?
Form 714 for 2025 was filed between 8 April and 30 June 2026, and anyone paying by direct debit had until 25 June, five days less. It cannot be split: the two-instalment option with the second falling in November, granted by article 11.5 of the Order, belongs to the income tax alone, even though both returns are filed the same day. Form 718 for the solidarity tax comes afterwards, from 1 to 31 July, precisely because it can only deduct wealth tax already paid.
What does this tool not calculate?
The 75 % Ceuta and Melilla rebate, which also requires residence there; the credit for wealth taxes paid abroad; and each region’s specific deductions, which are thirteen regimes covering twelve different subjects, from protected estates for people with disabilities to Valencian start-ups. Applying some and not the rest would bias the very comparison this page exists to make, so if one applies to you the figure shown is a ceiling. The Basque Country and Navarre are also out of scope, each running its own wealth tax.

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Author: Thorben Rasmus Idel · Reviewed by: Nahar Geva · Last reviewed: