Wealth Tax (Modelo 714) in Spain

    • Encarnación has more than 20 years of experience working as a lawyer in Spain. She is specialized in Corporate Law, with a long-standing experience in Family Law, Immigration and Property Law. Her most notable qualities include excellent negotiating skills, her unwavering professionalism, and the knowledge that shes providing a top-notch, all-round legal service to each and every client.
      Testimonials for Encarnación Mercedes
      • kenneth Quinn
        kenneth Quinn, Alcala La Real

        Encarnacion was very able to understand the problem and deal with it in a extremely direct manner.


        From first meeting to conclusion an excellent professional person!


        Jun 12, 2020

Wealth Tax (Modelo 714)

Who is this Service for?

This tax on Spanish tax residents made a comeback in recent years – after a long time in the wilderness - in an effort by the Spanish government to improve its finances. It is applied over a person’s assets i.e. not on income but on acquired wealth. The tax is devolved to the Autonomous Regions so the specific tax will depend on where you live. Typically the tax applies to anyone with accumulated wealth greater than 700,000€, though in some regions it is lower (Cataluña, Extremadura and Aragón).

What does this service consist of?

  • Reminder each year in advance of the statutory declaration date
  • Advice from an experienced English-speaking accountant on the information and documentation needed to make the appropriate tax return
  • Submission of the tax on your behalf with confirmation of the satisfactory completion of the tax return

Code of Reasonable Fees

Our clients can expect to receive a quotation that is at or below the recommended guideline prices by our local Professional Body.

Free Support Services Included

When combined with the free and innovative Advocate Abroad support services you can be sure that you are obtaining completely transparent legal services from registered and regulated English-speaking lawyers abroad.These support services include:

  • Verification of the regulatory status of your professional.
  • Fees as recommended by the Local Professional Body
  • Fees specified in advance and legally guaranteed.
  • Service levels agreed in advance and guaranteed.
  • All professionals must hold professional indemnity insurance.
  • Professionals' proficiency in English monitored.
  • Continuous quality controls and reviews.
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