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V1649-25 ·15 September 2025 ·consulta-vinculante Medium impact
Tax

Shareholdings with at least 5% voting rights may be excluded from non-affected assets calculation

The consultant asks whether their shareholdings in a listed entity should be considered non-affected assets for wealth tax exemption, as their total direct and indirect shareholding exceeds 5%. The DGT clarifies that the combined shareholding can be used to assess the entity's economic activity, and such holdings may not be counted if management and resources requirements are met.

In 6 key points

Lifecycle

2025-09-15PublishedPublished 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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