WEALTH TAX

TAXES FOR FOREIGNERS

We inform you if you are required to file a Wealth Tax return. Specialist Advisors in Wealth Tax for Foreigners

At JDV Asesores, we are tax advisors with extensive experience in filing Wealth Tax returns. Put your peace of mind in our hands.

✔ What does the Wealth Tax levy?

This tax levies the net wealth of individuals. That is, the total set of assets and rights with economic value, once the charges and liens that decrease their value have been deducted.
It is a state tax, although its collection has been transferred to the Autonomous Communities. As a result of this transfer, the Autonomous Communities have assumed powers in various areas within the scope of this tax (tax rates, deductions, and tax credits, among others).

What is the deadline for filing the wealth return?

The filing period for the 2022 Wealth Tax self-assessments is between April 11 and June 30, 2023, both inclusive.

✔ What assets and rights are included in the declaration?

Real estate properties.
Assets and rights assigned to business or professional activities.
Current or savings account deposits.
Shares or participations in the equity of any type of entity.
Life insurance and temporary or lifetime annuities.
Jewelry, luxury furs, vehicles over 125cc, boats, and aircraft.
Works of art or antiques.
Property rights and administrative concessions.
Rights derived from intellectual and industrial property.

✔ Which assets are exempt under the wealth tax law?

Assets forming part of the Spanish Historical Heritage
Assets forming part of the Historical Heritage of the Autonomous Communities
Certain works of art and antiques
Household contents
Rights with economic content
Rights derived from intellectual or industrial property
Securities belonging to non-residents
Business and professional assets
Shares in specific entities
The taxpayer's primary residence
Exemption for the Taxpayer's Primary Residence
The taxpayer's primary residence is also exempt, up to a maximum amount of 300,000 euros.