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V2788-17 30 October 2017 · SG de Impuestos Patrimoniales, Tasas y Precios Públicos Criterion in force
IP · exención

Requirements for Wealth Tax exemption on holdings in entities with agricultural activity

A taxpayer has inquired whether an agricultural operating company qualifies for Wealth Tax exemption and how to calculate executive remuneration. The DGT clarifies that agricultural activity constitutes an economic activity for Personal Income Tax purposes and explains how to calculate the required remuneration percentage.

The question raised

Consideration as a business activity for the purposes of the exemption from Wealth Tax. Calculation of remuneration for the executive and partner of the entity.

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