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V3319-20 ·6 November 2020 ·consulta-vinculante Medium impact
Tax

Wealth Tax exemption denied if property leasing lacks a full-time employee dedicated exclusively to the activity

The taxpayer inquired whether shares in a company dedicated to property leasing are exempt from Wealth Tax. The DGT ruled that the activity does not qualify as an economic activity because the hired employee splits their working hours with another employer, failing to meet the requirement of exclusive full-time dedication.

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2020-11-06PublishedPublished in the BOE
Official text Based on BOE data (boe.es). Information, not advice.

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