The
Wealth Tax
is a direct tax which, as its name suggests, is levied on the net wealth or, in other words, the possessions of individuals. It is ceded to the autonomous communities. These are responsible for their collection, management and regulation.
In principle, the entire wealth of the person is taxed, regardless of where the assets are located, but for real purposes, only the assets or rights that can be exercised in Spanish territory are taxed.