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V3178-19 14 November 2019 · SG de Impuestos Patrimoniales, Tasas y Precios Públicos Criterion in force
IP · obligación real

No Wealth Tax is payable due to ownership of a non-resident company

A resident of Gibraltar who owns a Gibraltarian company, which in turn owns a Spanish company with real estate, asks whether they must pay tax in Spain. The DGT responds that they are not subject to the tax.

The question raised

Question posed: Whether the applicant must pay Wealth Tax in Spain.

The DGT's ruling

Non-resident natural persons are only subject to tax by real obligation for assets and rights located in Spanish territory. As the applicant is only the owner of shares in a non-resident company, the applicant is not the owner of assets or rights located in Spain. Therefore, they are not subject to Wealth Tax.

Apply this to a real case

What is published here, applied to a company or a specific case. The first meeting is free.

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