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V2718-18 15 October 2018 · SG de Impuestos Patrimoniales, Tasas y Precios Públicos Criterion in force
IP · principal fuente de renta

Retirement pensions are included when determining the main source of income for Wealth Tax

A query was raised regarding whether retirement pensions are exempt when calculating the main source of income for the Wealth Tax exemption. The DGT ruled that they must be included in this calculation.

The question raised

Whether the retirement pension is exempt from the calculation of the "principal source of income" referred to in Article 3 of RD 1704/1999.

The DGT's ruling

Retirement pensions are considered income from employment pursuant to the Personal Income Tax Law. Therefore, they form part of the taxable base and must be included, without any exemption, to determine the principal source of income under Article 3.1 of RD 1704/1999.

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