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V2995-23 14 November 2023 · SG de Impuestos Patrimoniales, Tasas y Precios Públicos Criterion in force
IP · exención

Exemption from Wealth Tax for real estate leasing is not applicable if the requirements are not met individually by each co-owner

A co-owner of real estate intended for leasing inquired whether the Wealth Tax exemption could be applied. The DGT responds that, as it is a community of property, each co-owner must individually satisfy the requirements regarding economic activity and principal source of income.

The question raised

Question raised: Application of the exemption in Wealth Tax.

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