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V1091-23 ·3 May 2023 ·consulta-vinculante Medium impact
Tax

Wealth Tax exemption may apply to assets used for professional activity and holdings in entities

An architect has enquired whether she can benefit from Wealth Tax exemptions while working as a self-employed professional and through her holdings in other companies. The DGT indicates that the exemption for business assets depends on them being necessary for the activity and constituting her main source of income, whereas for company holdings, requirements regarding economic activity, ownership percentage, and management functions must be met.

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2023-05-03PublishedPublished 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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