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V1255-20 5 May 2020 · SG de Impuestos Patrimoniales, Tasas y Precios Públicos Criterion in force
IP · exención

Properties leased to relatives at market value may qualify as business assets for Wealth Tax exemption, provided economic activity requirements are met

The taxpayer asks whether properties leased by their company to family members can be considered assets used for business purposes to qualify for Wealth Tax exemption. The DGT rules that if the leasing constitutes an economic activity and is conducted at market value, the properties may be treated as business assets.

The question raised

Cuestión planteada Primera. Si los inmuebles arrendados por la sociedad A a miembros del grupo familiar podrán ser considerados como elementos patrimoniales afectos a efectos del acceso y alcance de la exención en el Impuesto sobre el Patrimonio.

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