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V3361-23 29 December 2023 · SG de Impuestos Patrimoniales, Tasas y Precios Públicos Criterion in force
IP · exención

Wealth Tax exemption does not apply if the entity only leases a business

A taxpayer inquired whether shares in a company that leases an industrial facility (a gym) are exempt from Wealth Tax. The DGT ruled that the requirement for economic activity is not met, as leasing a business generates income from movable capital rather than from economic activity.

The question raised

Compliance with the requirements for the application of the exemption in Wealth Tax.

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