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An entity has requested clarification on whether bank balances consisting of sinking funds and voluntary reserves from its business activities can be treated as business assets for the purpose of Wealth Tax exemption. The Directorate General of Taxes (DGT) indicates that while bank balances can potentially be considered business assets, it will not rule on this specific case as it constitutes a matter of fact.
Cuestión planteada Se plantea la afectación o no del saldo bancario mencionado que cubre la cuantía de los fondos de amortización y Reservas Voluntarias procedentes de la actividad empresarial de la entidad consultante.
El Real Decreto 1704/1999 permite que, para la exención en el Impuesto sobre el Patrimonio de participaciones en entidades, puedan considerarse afectos activos que representen la participación en fondos propios o la cesión de capitales a terceros, como el saldo bancario. No obstante, la DGT no resuelve si en este caso particular el saldo cumple dichos requisitos, ya que la valoración de los hechos corresponde a los órganos de gestión.
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