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Practical Manual for Heritage 2024.

Main News

  • Deadline for filing returns:

    The deadline for submitting self-assessments for the Wealth Tax for the year 2024 , regardless of the result (payable or negative), is between April 2 and June 30, 2025 , both inclusive.

    However, if the result of the declaration is to be paid and its payment is direct debited, the presentation cannot be made after June 25, 2025 .

  • Taxable base: reduction by exempt minimum

    • Effective January 1, 2024, the Autonomous Community of the Balearic Islands has raised the exempt minimum from €700,000 to €3,000,000.

    • The Autonomous Community of Extremadura has adapted the references made to judicial incapacitation, for the purposes of applying the exempt minimum, to court rulings establishing representative guardianship of persons with disabilities, as established by Law 8/2021 reforming the Civil Code.

  • Autonomous scales

    As a result of the extension of the ITSGF (Tax Income Tax) carried out by Royal Decree-Law 8/2023, of December 27, the scales approved on a temporary basis by the Autonomous Communities of Catalonia and Galicia will continue to apply in 2024, for the duration of the tax's validity.

    The Autonomous Community of Andalusia, through Law 7/2024, of December 23, on the Budget for the year 2025, has repealed the regional tax scale established in article 25 of Law 5/2021, of October 20, so that the scale regulated by article 30 of Law 19/1991, of June 6, on the Wealth Tax will be applied on a supplementary basis. 

  • Regional bonuses

    • The Community of Andalusia has modified the transitional regime applicable while the ITSGF is in force, such that with regard to regional bonuses, n the general bonus established in article 25 bis of Law 5/2021 will not be applicable, but instead the taxpayer may apply to the resulting wealth tax quota a bonus determined by the difference, if any, between the total full quota of the tax itself, once the joint limit established in article 31 of Law 19/1991, of June 6, has been applied, and, where applicable, the total full quota that would correspond to the temporary solidarity tax on large fortunes, once the joint limit established in article 3 has been applied. Twelve of Law 38/2022, of December 27.

    • The Autonomous Community of Cantabria has approved a general 100% discount on the reduced tax rate, although this will not apply when the taxpayer's net assets exceed €3,000,000 after deducting the exempt minimum of €700,000, and their mere holding constitutes a taxable event for a state tax (the ITSGF). In these cases, a bonus will be applied instead, determined by the difference, if any, between the total full amount of the tax itself, once the joint limit established in article 31 of Law 19/1991, of June 6, has been applied, and the total full amount corresponding to the ITSGF, once the joint limit established in article 3 has been applied. Twelve of Law 38/2022, of December 27.

    • Also, please note that as a result of the extension of the ITSGF (Tax Income Tax) to the 2024 tax period implemented by Royal Decree-Law 8/2023, of December 27, the transitional regime approved in 2023 by the Autonomous Communities of Andalusia, Galicia, and Madrid for the purposes of applying their regional tax credits continues to apply. Please note that the Autonomous Community of Andalusia has modified the aforementioned transitional regime, which will take effect on the 2024 Wealth Tax.