Doctrine by topic · DGT Observatory

Limited Partnership: DGT doctrinal evolution

How the DGT's position on this topic has evolved, and the rulings it rests on.

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How the DGT's position has evolved

Settled doctrine High confidence 8 rulings · 2014–2023

Current position

Spain may tax interests in companies whose assets consist of at least 50% in real estate located in Spanish territory, in accordance with the Convention between Spain and Germany. The partner shall be taxed under the real obligation rule, and the tax base shall be determined according to the value of the interests, allowing for the deduction of debts reflected in the company's balance sheet.

The DGT's position remains constant in the application of the Convention between Spain and Germany to tax interests with real estate assets exceeding 50%. No doctrinal changes are observed, but rather a repeated application of the rule regarding the real obligation of the partners.

Analysis based on 7 of 8 rulings with a stated position. Updated 2 October 2026.

Rulings on this topic

8
V0481-23 1 Mar 2023

No liable for Spanish wealth tax on foreign shares if Spanish real estate below 50%

SG de Impuestos Patrimoniales, Tasas y Precios Públicos
obligación realsociedad comanditariabienes inmueblesresidencia fiscalconvenio de doble imposición LIP — Ley 19/1991 del Impuesto sobre el Patrimonio art. 3LIP — Ley 19/1991 del Impuesto sobre el Patrimonio art. 5.Uno.b
Affects CompanyExpat · Non-residentIndividual
V3047-17 22 Nov 2017

Non-residents liable for real obligation tax on Spanish property

SG de Impuestos Patrimoniales, Tasas y Precios Públicos
obligación realmínimo exentosociedad comanditariatítulo sucesoriotítulo gratuito LIP — Ley 19/1991 del Impuesto sobre el Patrimonio art. 5.Uno.bLIP — Ley 19/1991 del Impuesto sobre el Patrimonio art. 28.Tres
Affects CompanyExpat · Non-residentIndividual
V3874-16 13 Sept 2016

Non-resident subject to Spanish Wealth Tax due to property holdings in Spain

SG de Impuestos Patrimoniales, Tasas y Precios Públicos
obligación realsociedad comanditariabase imponibleactivos inmobiliariosconvenio de doble imposición LIP — Ley 19/1991 del Impuesto sobre el Patrimonio art. 5.1.bLIP — Ley 19/1991 del Impuesto sobre el Patrimonio art. 11
Affects CompanyExpat · Non-residentIndividual

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