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V2888-17 ·13 November 2017 ·consulta-vinculante Medium impact
Tax

Rural properties used for agricultural activities are not considered unproductive assets for the tax liability limit

A query was raised regarding whether rural properties held under bare ownership can be classified as unproductive assets for the purpose of the Wealth Tax gross liability limit. The Directorate General for Taxes (DGT) ruled that, as these properties are used for activities that generate income subject to Personal Income Tax (IRPF), they cannot be excluded from the calculation.

In 6 key points

How it affects those involved

This ruling clarifies that rural properties used for income-generating agricultural activities must be included in the calculation of the Wealth Tax liability limit, preventing taxpayers from categorising them as unproductive assets to reduce their tax burden.

Lifecycle

2017-11-13PublishedPublished 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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