If you live abroad and own a home in Marbella, Spain takes it into account every year for its wealth tax. Andalucía's rules keep the bill at zero except for the largest estates, but the value the tax uses may not be the one you have in mind, and in some cases you have to file even when there is nothing to pay.
Spanish wealth tax
The Spanish wealth tax is charged on what each person owns once their debts are deducted, and who pays wealth tax in Spain depends, before anything else, on where you live. Residents are taxed on what they own anywhere in the world, which is how the wealth tax in Spain for expats who become resident works, whereas a non-resident is only taxed on what they own in Spain.
Each person has an allowance of 700,000 euros and is only taxed on the part that exceeds it. Among the Spanish wealth tax exemptions there is one for the main home, but it covers only the home where you live habitually, so it does not reach a second home in Marbella.
This tax sits alongside the other taxes every property owner pays in Spain, but unlike them it looks at everything you own here, the house included.
Spain wealth tax by region
Spain's regions can set their own rules for this tax, rebates included, and as a non-resident you can apply the rules of the region where your Spanish assets have the highest value. If the home in Marbella is all or nearly all of what you own here, that region is Andalucía.
In 2023 Andalucía rebated the whole tax, but it never abolished it.
Since 2024, and while the solidarity tax on large fortunes remains in force, the rebate only covers the part of the wealth tax that exceeds what that other tax would charge. In practice, anyone above the solidarity tax threshold pays in wealth tax what the solidarity tax would cost them, and because that payment is deducted from the solidarity tax, it is left with nothing to collect.
Spain wealth tax rates
The solidarity tax on large fortunes was created as a temporary tax and has been extended until Spain reviews how it taxes wealth. It applies to non-residents in the same way as the wealth tax and values assets by the same rules, so your home is worth the same in each of them.
Its allowance matches the wealth tax one, and its scale leaves untaxed the first three million euros that remain once the allowance is deducted. From there it rises in steps up to 3.5 % for the largest fortunes.
How a villa is valued
The Spanish wealth tax calculation starts from the value of each asset, and a villa goes in at the highest of these: its rateable value in the Catastro, the value the tax authorities have set or checked for another tax, and what you paid for it.
For homes bought from 2022 onwards, that second value includes the Catastro reference value when it was the base of the tax you paid on the purchase.
The price, in turn, counts with the costs and taxes of the purchase on top, from the notary and the land registry to transfer tax or VAT, so the villa never goes in below what it cost you. You can estimate those purchase taxes with our tax calculator.
When and how to file
The tax looks at what you own on 31 December, and each year's return is filed online with the Spanish tax agency between April and June of the following year, on form 714. Non-residents use the same form and the same dates as residents.
You have to file when there is tax to pay, and also when your assets in Spain exceed two million euros in value, counted before deducting any debt, so a home with a mortgage can leave you with a return to file and no tax due.
How Inmolux Group can help
Knowing what a home will cost you to own each year is part of choosing it well. Inmolux Group is an estate agency that also works in investment development and project management, with a team that speaks eight languages, and on our Marbella villas page you can see what we have for sale or ask us for a private tailored selection.
And if one day you decide to sell, we run a full legal and technical check before the home goes on the market, from the first-occupation licence to planning, permits, debts and lawsuits, and we set the price with a professional appraisal.
General information checked on 10 November 2026. It does not replace tax advice for your case.
