Taxpayers residing in a Member State of the European Union or the European Economic Area, option in relation to Wealth Tax

As of July 11, 2021, all non-resident taxpayers will be entitled to the application of the regulations approved by the Autonomous Community where the highest value of the assets and rights they own and for which the tax is required is located, because they are located, can be exercised or must be fulfilled in Spanish territory.

Previously, and since 1 January 2015, non-resident taxpayers who are resident in a Member State of the European Union or the European Economic Area will be entitled (this is an option) to the application of the specific regulations approved by the Autonomous Community where the greater value of the assets and rights they own and for which tax is required, because they are located, can be exercised or must be fulfilled in Spanish territory.

If you exercise this option, you must apply all the tax regulations approved by said Community. The Autonomous Communities may assume regulatory powers over the exempt minimum, tax scale and deductions and bonuses of the quota, the latter two being compatible with those established in state regulations (you can consult the Autonomous Communities that have assumed regulatory powers in the Practical Manual of the Wealth Tax corresponding to each fiscal year available on the Tax Agency website). 

This option is reflected in the Wealth Tax return.