The solidarity tax on large fortunes raises 623 million, 89% in Madrid

MADRID, 20 Sep. (EUROPA PRESS) -

The temporary solidarity tax on large fortunes has raised 623 million euros in 2023, most of it in Madrid, with 555 million euros, as reported this Wednesday by the Ministry of Finance and Public Function.

In total, 12,010 large estates, which represent 0.1% of taxpayers in Spain, have paid an average fee of 52,000 euros for this tax, complementary to the Heritage tax.

"This tax figure meets the objective set by the Government of advancing a more progressive fiscal policy in which a greater effort is requested from those who have the most in a context of rising prices due to the war in Ukraine," the Department has stressed. acting director, María Jesús Montero.

The solidarity tax on large fortunes affects net assets exceeding 3 million euros, it accrues on December 31 of each year and the declaration is submitted between July 1 and 31.

The Treasury recalls that this state tax is temporary, as it has been designed for the years 2023 and 2024.

To avoid double taxation, taxpayers only pay taxes on the part of their assets that have not been taxed by their autonomous community in the Wealth Tax.

In this way, in the solidarity tax of large fortunes a deduction is applied to the amount paid in the Wealth Tax, deducting from the payment of this new tax the amount paid by the Wealth Tax.

For this reason, the Treasury specifies that the collection has been obtained, mainly, from the large assets of autonomous communities that have fully or partially subsidized the Wealth Tax, as is the case of Madrid, which has provided 89% of the collection. .

Adding the income obtained from the solidarity tax on large fortunes and the Wealth Tax, this year's collection figure exceeds 1,868 million euros.

"These figures are consistent with the Government's forecasts, which indicated that the collection potential of the tax on large fortunes reached 1,500 million, under the assumption that all autonomous communities applied a 100% bonus on the Wealth Tax," he defends. the Ministry.

As highlighted by the Treasury, "as planned", the majority of taxpayers of the solidarity tax on large fortunes reside in communities that have given up collecting through Patrimony.

Thus, of the 12,010 filers, the majority correspond to large estates in Madrid (10,302 taxpayers), who have contributed 555 million euros.

They are followed by high-net-worth taxpayers from Andalusia (865 filers), who have paid 29.7 million; and the large assets of Galicia (91), with a fee to pay of 9.8 million. These three communities account for more than 95% of the taxpayers and collections.

Behind them is Catalonia, with 322 filers and 2 million euros in collection; Cantabria (9 declarants and 400,000 euros); Valencian Community (17 filers and 200,000 euros collected), and Asturias, with 10 filers and a fee to pay of 100,000 euros.

Non-residents and the autonomous cities of Ceuta and Melilla have contributed 26.2 million euros after 342 large estates declared this tax.