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A holding company has requested a ruling on whether its investment in a Venture Capital Company (SCR) allows for the application of the Wealth Tax exemption. The Directorate General for Taxes (DGT) examines whether the SCR carries out a business activity or the management of movable assets, and whether its shares are used for its business purposes.
Cuestión planteada En relación con la inversión por la sociedad holding en la SCR a efectos de aplicar la exención prevista en el artículo 4.Ocho. Dos de la Ley 19/1991, se plantean las siguientes cuestiones:
Para la exención, en la SCR no se computarán como valores los activos que forman parte de su coeficiente obligatorio de inversión. El resto de participaciones en otras ECR solo no computarán como valores si otorgan al menos el 5% de derechos de voto, se poseen para dirigir la participación con medios materiales y personales, y la participada no es una entidad de gestión de patrimonio. Asimismo, los activos del coeficiente obligatorio de inversión podrían considerarse necesarios para la actividad, calificando para la exención. La delegación de gestión en una sociedad gestora es potestativa y no exime a la SCR de disponer de medios materiales y humanos propios para la exención.
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