Determination of the liquidable base: reduction by exempt minimum

Regulations: Art. 28 Wealth Tax Law

Taxable base (net worth subject to tax)

The taxable base is the difference between the amount of the taxable base (net worth) and the amount that must be applied as the minimum exemption.

Reduction for exempt minimum

The following situations must be distinguished:

1. For taxpayers due to personal obligation residing in any Autonomous Community
2. For non-resident taxpayers who pay taxes due to a personal obligation to contribute and for taxpayers subject to a real obligation to contribute