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V0241-19 ·6 February 2019 ·consulta-vinculante Medium impact
Tax

Wealth Tax exemption does not apply if the activity manager is a co-owner

A co-owner of a community of property engaged in real estate leasing has asked whether they can apply for the economic activity exemption. The Directorate General for Taxes (DGT) has ruled that the requirement to employ at least one person under a full-time employment contract is not met if the manager is one of the co-owners themselves.

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Lifecycle

2019-02-06PublishedPublished in the BOE
Official text Based on BOE data (boe.es). Information, not advice.

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This analysis is informational only and does not constitute legal advice or create a client-adviser relationship. BM Consulting.
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