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How UCITS ETFs are taxed in Spain

A quick reference for Spain-resident investors holding UCITS ETFs — dividend and capital-gains tax, the reduced US withholding rate via tax treaties, allowances, and whether accumulating or distributing is more efficient.

Dividend tax
23%
Capital gains tax
23%
US withholding (treaty)
15%
Wealth tax
Yes
Tax-free allowance
1,500 EUR
Ireland tax treaty
Yes

Tax notes for Spain

Progressive savings tax 19–28%. Wealth tax applies in some regions. €1,500 dividend allowance. Accumulating ETFs taxed at sale only.

Accumulating vs distributing: Strong advantage — accumulating defers tax until sale. Learn more →
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Calculate your exact net income

Upgrade to Pro to model any UCITS ETF in Spain — withholding, local tax, allowances and your real take-home income.

Related: UCITS withholding tax explained · UCITS vs US ETFs · All countries

Educational information only, not tax advice. Rates change and depend on your circumstances — verify with a qualified adviser.