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V2018-20 ·19 June 2020 ·consulta-vinculante Medium impact
Tax

Exemption from Wealth Tax on shares depends on factual requirements and business activity

A family group has enquired whether their holdings in two companies are exempt from Wealth Tax. The DGT clarifies that the exemption requires the entity to carry out an economic activity, specific ownership percentages to be met, and the performance of remunerated management functions, although it is not necessary for all shareholders to hold management positions.

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2020-06-19PublishedPublished 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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