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Modelo 714: Impuesto sobre el Patrimonio (Spanish wealth tax return)

Modelo 714: Impuesto sobre el Patrimonio (Spanish wealth tax return) is filed with Sede AEAT — Modelo 714 telemático. With Managora you do it 100% online: you answer a few questions, sign a digital mandato (power of representation) and we draft, sign and file your application for you. Estimated total cost: from €60. Official tasa (government fee): The wealth tax bill varies with the taxable base and the autonomous region. If your wealth is above 3M €: the ITSGF applies on top.

We file your Impuesto sobre el Patrimonio (wealth tax) return (Ley 19/1991) and, if your net wealth is above 3M €, the Impuesto Temporal de Solidaridad de las Grandes Fortunas as well (ITSGF, the temporary solidarity tax on large fortunes, Ley 38/2022). We work out your net wealth as at 31/12 by valuing each asset (cadastral value, Hacienda value, market value or cost), apply the exemptions (main home up to 300.000 €, family business under art. 4.Ocho, pension plans, listed heritage assets), the regional tax-free allowance (700.000 € as a general rule, 500.000 € in Catalonia and Valencia, 400.000 € in Aragón), the progressive scale of 0,2-3,5%, the regional reliefs (Madrid, Andalucía, Galicia and Extremadura at 100%) and the cap in art. 31 LIP (60% of IRPF, the Spanish personal income tax). You must file if your tax bill is above 0 or your assets exceed 2.000.000 €.

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Estimated total cost
from €60
Managora's fee
€72.60 (21% VAT incl.)
Tasa (official government fee)
The wealth tax bill varies with the taxable base and the autonomous region. If your wealth is above 3M €: the ITSGF applies on top. (suplido: paid to the authority on your behalf, no VAT)
Processing time
The same season as the IRPF (Spanish personal income tax) return: from around 7 April to 30 June. Payment must be made by direct debit.
Where it is filed
Sede AEAT — Modelo 714 telemático ↗
What you receive
Application

Cost breakdown: Our fee 60 €, plus the tax that your return produces: the wealth tax bill varies with the taxable base and the autonomous region (and the ITSGF applies if you are above 3 M €)..

Modelo 714: Impuesto sobre el Patrimonio (Spanish wealth tax return): how is it filed?

  1. 1Answer the questions in the chat (about 15 minutes).
  2. 2We work out your net wealth as at 31/12.
  3. 3We apply the exemptions, the regional tax-free allowance and the reliefs.
  4. 4We check the cap in art. 31 LIP (60% of IRPF, the Spanish personal income tax).
  5. 5We work out whether your wealth is above 3M €, which means the ITSGF applies too (Modelo 718).
  6. 6Payment of 60 € for our advice and for filing.
  7. 7We give you the Modelo 714 ready to file online.

Which documents do you need?

  • •DNI (Spanish national identity document) or NIE (foreigner identity number).
  • •Bank certificates of balances as at 31/12 and average balances for the 4th quarter.
  • •Certificates for investment funds and deposits.
  • •Share prices for listed shares (last quarter of the year).
  • •Annual accounts of unlisted companies.
  • •Deeds and cadastral references for your properties.
  • •A full list of charges and debts as at 31/12.
  • •Documentation for the exempt family business (general meeting minutes, remuneration).
  • •Pension plan certificate.
  • •Your IRPF (Spanish personal income tax) figures (taxable base and gross tax) so that we can apply the art. 31 cap.

Legal basis and things to bear in mind

  • Framework: Ley 19/1991 (wealth tax), Ley 38/2022 (ITSGF) and RD 1704/1999.
  • Taxable event: holding net wealth as at 31/12.
  • Who pays: residents (personal liability, on worldwide wealth); non-residents (limited liability, on assets in Spain); inbound expatriates (who may opt for limited liability).
  • Key exemptions: main home up to 300.000 €; family business under art. 4.Ocho; pension plans; listed heritage assets.
  • General tax-free allowance: 700.000 €. The autonomous regions can change it (Catalonia and Valencia 500.000 €; Aragón 400.000 €).
  • State scale: 0,2% - 3,5%. The autonomous regions can set their own rates.
  • Regional reliefs: Madrid, Andalucía, Galicia and Extremadura at 100%.
  • Cap in art. 31 LIP: the wealth tax bill plus the IRPF (Spanish personal income tax) bill cannot exceed 60% of the IRPF taxable base; the wealth tax can never be reduced below 20% of its amount.
  • Filing obligation: where the tax bill is above 0 or assets exceed 2.000.000 €.
  • Deadline: the IRPF season (April to June).
  • ITSGF (Ley 38/2022): for wealth above 3M €. Rates of 1,7%, 2,1% and 3,5%. Modelo 718. Where a region gives 100% relief on wealth tax, the ITSGF picks up the tax that was not paid.
  • Natural connections: irpf_renta_anual, isd_sucesiones, isd_donacion, modelo_720_bienes_extranjero, plan_pensiones_rescate.

Modelo 714: Impuesto sobre el Patrimonio (Spanish wealth tax return): frequently asked questions

Modelo 714: Impuesto sobre el Patrimonio (Spanish wealth tax return): how much does it cost?

The estimated total cost (our fee + official tasas and taxes) is from €60: Our fee 60 €, plus the tax that your return produces: the wealth tax bill varies with the taxable base and the autonomous region (and the ITSGF applies if you are above 3 M €).. Managora's fee is €72.60, 21% VAT included (€60.00 net + €12.60 VAT). The official tasa charged by the authority (a suplido paid on your behalf, no VAT) is: The wealth tax bill varies with the taxable base and the autonomous region. If your wealth is above 3M €: the ITSGF applies on top..

Modelo 714: Impuesto sobre el Patrimonio (Spanish wealth tax return): how long does it take?

The same season as the IRPF (Spanish personal income tax) return: from around 7 April to 30 June. Payment must be made by direct debit.

Modelo 714: Impuesto sobre el Patrimonio (Spanish wealth tax return): which documents do I need?

You need to have to hand: DNI (Spanish national identity document) or NIE (foreigner identity number)., Bank certificates of balances as at 31/12 and average balances for the 4th quarter., Certificates for investment funds and deposits., Share prices for listed shares (last quarter of the year)., Annual accounts of unlisted companies., Deeds and cadastral references for your properties., A full list of charges and debts as at 31/12., Documentation for the exempt family business (general meeting minutes, remuneration)., Pension plan certificate., Your IRPF (Spanish personal income tax) figures (taxable base and gross tax) so that we can apply the art. 31 cap.. You do not upload them here: we collect the details through the guided chat.

Who files the procedure?

Managora files it in your name with Sede AEAT — Modelo 714 telemático. You only provide the details through the chat and sign a mandato (power of representation); we prepare, sign and register it.

Can it be done online?

Yes. The whole process is online: you answer a few questions in the guided chat, sign a simple mandato on screen and receive the receipt and the official documents by email, with full legal validity.

Related procedures

Based on the legislation in force and on the official site of the competent authority: Sede AEAT — Modelo 714 telemático ↗.

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