Wealth Tax Alicante 2026: Exemptions, Thresholds & What Property Owners Must Know

If you own a luxury property in Moraira, Jávea, Calpe, Altea or anywhere on the Costa Blanca, you need to understand the Wealth Tax (*Impuesto sobre el Patrimonio*) and how it applies in Alicante province and the broader Valencian Community in 2026.

This guide explains who pays, how much, what exemptions exist, and how to plan strategically — whether you are a resident or non-resident property owner.

What Is the Spanish Wealth Tax?

The Wealth Tax is an annual tax levied on your net worldwide assets (for residents) or Spanish-located assets (for non-residents). It is regulated by Ley 19/1991 and modified periodically by each Autonomous Community.

In the Valencian Community (which includes the entire province of Alicante — Moraira, Jávea, Calpe, Torrevieja, Benidorm, etc.), the regional government sets its own thresholds, rates and exemptions.

2026 Thresholds and Exemptions in the Valencian Community

For the 2026 tax year, the key figures are:

• Tax-free allowance: €500,000 per person (reduced from the national default of €700,000 by the Valencian government)
• Primary residence exemption: Up to €300,000 of the value of your habitual residence (*vivienda habitual*) is exempt — but this only applies to tax residents in Spain, not to non-residents
• Non-residents: You are taxed only on your Spanish assets (property, bank accounts, shares in Spanish companies, vehicles registered in Spain). You receive the €700,000 national allowance (not the Valencian €500,000), as non-residents fall under state rules

Key distinction for luxury property owners in Moraira: If you own a villa worth €1.5 million and you are a non-resident, your taxable base is €1,500,000 − €700,000 = €800,000.

Wealth Tax Rates 2026 (Valencian Community)

The Valencian Community applies progressive rates from 0.2% to 3.5%:

• Up to €167,129: 0.2%
• €167,129 – €334,253: 0.3%
• €334,253 – €668,500: 0.5%
• €668,500 – €1,337,000: 0.9%
• €1,337,000 – €2,673,999: 1.3%
• €2,673,999 – €5,347,998: 1.7%
• €5,347,998 – €10,695,996: 2.1%
• Over €10,695,996: 3.5%