Wealth Tax

Regulations: Articles 1, 2.1 and 3 Wealth Tax Law

The Wealth Tax is a direct tax of a personal nature that taxes the net worth of individuals .

The net worth of a natural person is the set of assets and rights of economic content of which he or she is the owner, after deducting the charges and liens that reduce their value, as well as the debts and personal obligations for which the owner must respond.

Furthermore, it is presumed that the assets and rights that belonged to the taxpayer at the time of the previous accrual are part of the taxpayer's assets, unless there is proof of transfer or loss of assets.

The Wealth Tax is applied throughout the national territory , without prejudice to the tax regimes of Economic Agreement and Convention in force in the Historical Territories of the Basque Country and the Foral Community of Navarre, respectively, and the provisions of the International Treaties or Conventions that have become part of the internal legal system.