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V3108-18 ·29 November 2018 ·consulta-vinculante Medium impact
Tax

Investment in a VCT may qualify for Wealth Tax exemption subject to activity and business use requirements

A holding company has requested a ruling on whether its investment in a Venture Capital Company (SCR) allows for the application of the Wealth Tax exemption. The Directorate General for Taxes (DGT) examines whether the SCR carries out a business activity or the management of movable assets, and whether its shares are used for its business purposes.

In 6 key points

How it affects those involved

This ruling clarifies the criteria for qualifying investments in Venture Capital Companies for Wealth Tax exemptions, focusing on the nature of the entity's activity and the direct link between the assets and the business operations.

Lifecycle

2018-11-29PublishedPublished 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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