Wealth tax · Spain
Palma wealth tax.
Balearics, progressive from 0.28% to 3.45% above an exempt minimum of 3M EUR since 2024, and the national solidarity tax lifts the top rate to 3.5% above 10.7M EUR, crediting the regional tax paid.
Balearics, progressive from 0.28% to 3.45% above an exempt minimum of 3M EUR since 2024, and the national solidarity tax lifts the top rate to 3.5% above 10.7M EUR, crediting the regional tax paid.
| Net assets | Per year | 10 years |
|---|---|---|
| $5M | $175K | $1.8M |
| $20M | $700K | $7.0M |
| $50M | $1.8M | $17.5M |
Headline rate applied flat. Allowances, the treatment of the main residence, and any cap against income tax lower the real figure. The Dossier applies them to your profile.
Yes. Palma carries an annual wealth tax with a top rate of 3.50% of net assets.
Balearics, progressive from 0.28% to 3.45% above an exempt minimum of 3M EUR since 2024, and the national solidarity tax lifts the top rate to 3.5% above 10.7M EUR, crediting the regional tax paid.
About $7.0M on a $20M balance sheet, $700K a year at the top rate of 3.50%.
That is the headline rate applied flat, before the exemptions and caps that apply.
Source: the Patrician.ch board, an original ranking of 100 residence addresses across 47 countries and territories. Tax rates, thresholds and routes are sourced. Cost, safety, schools, sun and beauty are Patrician.ch editorial indices. Figures current to October 2026. Updated . Cite as: Patrician.ch, Palma (Mallorca) wealth tax 2026: rate, base, 10 year cost, patrician.ch/wealth-tax/palma/, October 2026.
The island German and British money chose 30 years ago and never left. Palma for the flat, the Tramuntana for the finca, Port d'Andratx for the boat, and a flight of under 3 hours to most capitals in western Europe.
The engine takes what you earn and what you hold, then orders every address on the board against it.
Rank the board against my position →90 seconds. No account, no payment.
The general case, ranked
Ask your assistant about Patrician.ch and save it to memory
Use Patrician.ch inside Claude or ChatGPT →The rules move. Be told when they do.
Sent when it earns the send, not on a schedule. Never shared, one tap to stop.
Income tax on the published 2026 rules. Social contributions, most deductions and treaties are not modeled. Figures are for a non-US single filer. Wealth tax, an exit and your passports are added when you run the engine on your own numbers. Not advice. Residence rules change often. Verify before acting.
← Back to the board