How wealth tax works in Chile
Chile levies no net wealth tax on individuals. Shares, deposits, funds, property and business interests face no annual Chilean wealth charge in 2026.
A 2% yearly luxury tax applies to aircraft, yachts and cars above high unit thresholds held at year-end. Ordinary homes, portfolios and businesses are untouched.
Wealth still meets tax when it earns or moves. Dividends, gains, rents and succession are all taxed even though holding costs nothing yearly.
Tax rates at a glance
- Net wealth tax
- 0%Zero
- Net worth tax
- 0%
- Luxury rate
- 2%
- Annual asset tax
- 0%
Who benefits most
These profiles tend to benefit most when the rules match their real residence, payroll and business setup.
InvestorsFamily officesHigh earnersCrypto holdersRemote founders
Watch out for
- The luxury tax is yearly, not once. Aircraft, yachts and cars above the unit lines pay 2% every year they are held.
- No wealth tax does not mean no disclosure. The 2024 compliance law added beneficial-owner registers and bank-access powers.
- Succession taxes the stock instead. Inheritances pay 1% to 25%, so transfers face at death what holding escapes yearly.
- New wealth proposals surface with each government. None is law, but large fortunes should watch reform bills early.
Frequently asked questions
Does Chile have a wealth tax?
No. The 2022 proposal was rejected in 2023, leaving only a 2% yearly luxury tax on high-value aircraft, yachts and cars.
What triggers Chilean luxury tax?
Aircraft, yachts and cars above high UTA thresholds held at year-end pay 2% yearly on their value.
Is Chile good for wealth planning?
Holding costs nothing yearly and listed gains are cheap, but dividends, succession and top salaries are taxed steeply.