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V2031-22 ·21 September 2022 ·consulta-vinculante Medium impact
Tax

Management and lease administration functions cannot be held by the same person for Wealth Tax exemption

Sisters consult whether their holdings in a real estate leasing entity are exempt from Wealth Tax. The DGT explains that for leasing to constitute an economic activity, a full-time employee is required, but warns that management functions and activity administration functions cannot be exercised by the same person.

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2022-09-21PublishedPublished 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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