Taxpayers under the special system set out in Article 93 of the Personal Income Tax Act, taxation under Wealth Tax

These are individuals resident in Spain who have chosen to pay taxes by applying the Non-Resident Income Tax regulations (they declare personal income tax on a special form, 151), but maintain their status as personal income tax taxpayers. These taxpayers pay Wealth Tax on real obligation (on their assets in Spain).

They have the right (it is an option) to apply the autonomous regulations of the Autonomous Community of residence. 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).

If you exercise this option, you must apply all the tax regulations approved by said Community. This option is reflected in the Wealth Tax return.