Beckham Law in Madrid: Tax Guide for UK Earners
Comunidad de Madrid rebates 100% of its regional share of Spanish wealth tax, meaning that while on the Beckham Law you face zero annual wealth tax on Spanish-sited assets — unlike Catalonia or Valencia. Combined with the 24% flat income tax rate and Madrid's position as Spain's financial and legal hub, the capital is consistently the top destination for UK professionals moving under the Beckham regime.
Deterministic compute · Transparent assumptions · Not tax advice — verify with a licensed gestor.
Example saving · year one
€12,900
€77,000 over 6 years
Frequently asked questions
Does Madrid's wealth-tax rebate apply under the Beckham Law?
Yes. Comunidad de Madrid's 100% rebate on its regional wealth-tax quota applies to individuals resident in Madrid who would otherwise pay wealth tax on Spanish-sited assets. Under the Beckham Law, you are treated as a Spanish tax resident for income-tax purposes, so the rebate is available. For high-net-worth individuals, this can be as significant as the income-tax saving.
Which English-speaking employers hire under the Beckham Law in Madrid?
Madrid hosts the Spanish headquarters of most major UK and international financial institutions, law firms, and technology companies. BBVA, Santander, Amazon Web Services, Google, and numerous VC-backed startups all operate Spanish entities that can serve as the qualifying employer. Corridor does not endorse specific employers but the eligibility check confirms whether your employer structure qualifies.
What is the application process for the Beckham Law in Madrid?
You file Modelo 149 with AEAT (the Spanish tax authority) within six months of registering with Spanish Social Security. You will need your NIE (Número de Identidad de Extranjero), proof of employment contract, and documentation showing you were not a Spanish tax resident in the five preceding years. Many Madrid-based gestors handle this process for a fixed fee. Corridor's paid report includes a personalised timeline and three gestor referrals.