According to him last report Of the Tax Agency, the collection of the Patrimony Tax in Spain marked an important rebound in 2023, with an increase of 58% compared to the previous year, reaching 1,970.7 million euros, compared to the 1,250 million that were collected in 2022.
This significant increase is not exclusively due to the boom in the number of Millionaires in Spainbut to Reactivation of the Patrimony Tax in several autonomous communities that previously or totally bonus it. Thus, the number of statements and payments has increased significantly after modifying the fiscal rules that affect To the great fortunes.
Taxpayers and declarants. According to data of Tax Agency, in the last decade the number of taxpayers who declare to have assets exceeding 30 million euros has passed from 471 in 2013 to 865 in 2023. During this period the number of declarants with high assets has increased by different stages, with notable increases between 2018 and 2019 and then between 2020 and 2021.
At the same time, the total statement of the Patrimony Tax descended slightly in 2023, standing at 228,575 compared to 230,365 of the previous year. It should be noted that being a declarant of this tax does not imply being a taxpayer, since sometimes the declarants are exempt from paying that tax since an exempt minimum of 700,000 euros is established (in most communities) and that exist Deductions in habitual home or certain business goods.
99% of millionaires pay the assets tax. The Finance data suggest that, with a lower number of declarants, it was possible to increase the annual collection in 2023, increasing the number of those who had to pay this tax.
In 2022, the number of declarants with assets above 30 million euros was 852, of which only 235 (27.6%) paid the assets tax for living in communities that did not bonate this tax. In 2023, of the 865 declarants with more than 30 million euros, 853 pay this tax, which implies that almost 99% of the great fortunes already pay tax for their assets.
THE KEY: TEMPORARY TAX OF SOLIDARITY OF THE GREAT FORTS. The increase in collection at 720.7 million euros between 2022 and 2023 is due to the elimination of bonuses to assets that applied communities such as Madrid and Andalusia that in 2022 allowed to pay Little or nothing of this tax.
With the entry into force of the Temporary Tax of Solidarity of the Great Fortures in 2023, the State applied a rule that, with the excuse of Avoid double impositionI could tax with this tax those assets that were not taxed by the Patrimony Tax. Being especially exposed those communities that had this bonus tax.
The communities were not going to give up that income. With this maneuver, the State could directly raise what autonomies insisted on bonus. Given this new scenario, communities such as Andalusia or Madrid, which applied 100% bonus in this tax, lost the “Fiscal advantage” for great fortunes With respect to their neighboring communities and if they did not collect it, they would lose those income that would also be collected for the state coffers.
The Community of Madrid, for example, He went from raising Zero euros in 2022 to enter 613.7 million in 2023 of 10,659 declarants who did not pay for this tax before. Andalusia also increased its income In 20.79 million euros Thanks to this measure that allows homogenizing the Taxation to great fortunes throughout the country through the coexistence of the state tax and the autonomic, preventing that Great heritages are exempt Thanks to regional bonuses.
As evidence of this rebalancing in the collection, the Tax Agency ensures that the entry by the Temporary Solidarity Tax of the great fortunes of 2023 was only 35 million euros, compared to the 630 million euros that collected in 2022, when the autonomies bonus the assets tax.
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