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🇪🇸 Retire in Spain

Tax rates, cost of living, special programs, and top cities for international investors and retirees.

Tax System Overview

Spain taxes investment income (savings base) at progressive rates from 19% to 28%. There's also a wealth tax in most regions on assets above €700K. The Beckham Law offers 24% flat tax on Spanish income for new residents who qualify, but it's mainly for employees, not investors.

  • ✓Wealth tax: 1.0% on assets above $700K
  • ✓24% flat tax on Spanish income for 6 years (6 years)

What Would You Pay?

Estimated annual tax on different levels of investment income (capital gains + dividends + interest):

Annual Investment IncomeEstimated TaxEffective Rate
$50,000$10,14020.3%
$100,000$20,84020.8%
$200,000$43,04021.5%

Assumes 60% capital gains, 25% dividends, 15% interest. Actual tax depends on your specific income mix.

Tax Programs for New Residents

24% flat tax on Spanish income for 6 years

6 years at 24%

Must not have been a Spanish tax resident in the prior 5 years. For employees transferred to Spain or directors. Income up to €600K taxed at 24%. Does not apply to self-employed in most cases.

Top Cities in Spain

Granada

$1,420/month

Torrevieja

$1,420/month

Valencia

$1,670/month

Seville

$1,695/month

Málaga

$1,707/month

Madrid

$1,943/month

Tax Calculator

Compare your tax bill across specific cities in Spain.

Move & Save Simulator

Compare Spain vs your current country.

Tax rates and programs are subject to change. Information is current as of 2026. Always consult a qualified tax professional before making relocation decisions.