{"id":9039211,"date":"2025-08-20T07:00:41","date_gmt":"2025-08-20T07:00:41","guid":{"rendered":"https:\/\/www.gremicat.es\/?p=9039211"},"modified":"2025-07-30T08:29:05","modified_gmt":"2025-07-30T08:29:05","slug":"exemption-from-wealth-tax-rented-properties","status":"publish","type":"post","link":"https:\/\/www.gremicat.es\/en\/exemption-from-wealth-tax-rented-properties\/","title":{"rendered":"Exemption from Wealth Tax: Rented Properties"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"9039211\" class=\"elementor elementor-9039211 elementor-9039192\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-56de9e4 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"56de9e4\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-94bfe0a\" data-id=\"94bfe0a\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-b265b6d elementor-widget elementor-widget-heading\" data-id=\"b265b6d\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">If you have a company with rented properties and you are wondering whether you can apply for exemption from wealth tax, this circular is of great interest to you. When is a leasing company considered to have real economic activity?<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-e4b2536 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"e4b2536\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-0e694f2\" data-id=\"0e694f2\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-c879ead elementor-widget elementor-widget-text-editor\" data-id=\"c879ead\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>\u00a0<\/p><p>\u00a0<\/p><p class=\"p1\">In a tax world that is increasingly full of nuances and loopholes, it is sometimes comforting to find a clear answer that, without beating around the bush, lets you know where you stand. Well, if you have shares in a company dedicated to property leasing, and that company has hired a full-time person to manage the activity, you may be on the right side of the rule.<\/p><p class=\"p1\">The Directorate General of Taxes (DGT) in its CV V0259-25 has resolved a query that, far from being an isolated case, covers a common doubt: <i>Is it possible to apply the exemption from Wealth Tax (IP) if the only employee who manages the rentals also carries out other professional activities on her own behalf or for other companies?<\/i><\/p><p class=\"p2\">The answer is yes, and this is not a generous concession, but rather a recognition of the reality of many small businesses: what matters is not the \u201cexclusivity\u201d of the worker, but their full and effective dedication during the contracted working hours. Whether they then work as an administrator in another company or invoice as a freelancer in their free time is irrelevant for tax purposes, if they fulfill their working hours at the leasing company.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-bd0285f elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"bd0285f\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-723bbc2\" data-id=\"723bbc2\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-a1855fb elementor-widget elementor-widget-spacer\" data-id=\"a1855fb\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-01ed6ee elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"01ed6ee\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-379df32\" data-id=\"379df32\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-f10e7bb elementor-widget elementor-widget-heading\" data-id=\"f10e7bb\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Why does this matter?<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-dc0023f elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"dc0023f\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-e0c849d\" data-id=\"e0c849d\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-f0bf1a1 elementor-widget elementor-widget-text-editor\" data-id=\"f0bf1a1\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p class=\"p1\">Because Law 19\/1991 on Wealth Tax (specifically, Article 4.Eight.Two) establishes that partners may be exempt from tax on their shares in the company if it meets a series of requirements. And the first requirement, which often frustrates taxpayers, is that the entity must have a real \u201ceconomic activity.\u201d<\/p><p class=\"p1\">But when is there economic activity in a company that rents apartments or offices? According to the Income Tax Law (Art. 27.2), when there is at least one person employed on a full-time contract, dedicated to managing and organizing the leases.<\/p><p class=\"p1\">However, here was the catch: what if that employee also has other jobs or projects outside of working hours? Is the exemption lost?<\/p><p class=\"p1\">Binding consultation V0259\/2025 (March 5, 2025) clears up the doubt emphatically: no. The key is that the contract is an employment contract, the working hours are full-time, and effective dedication is guaranteed during that time. The rest is private (or professional) life unrelated to tax criteria.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-ce96c26 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"ce96c26\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-e5ff6e4\" data-id=\"e5ff6e4\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-f4e05ea elementor-widget elementor-widget-spacer\" data-id=\"f4e05ea\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-3bcab19 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"3bcab19\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-9ee3452\" data-id=\"9ee3452\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-226de8c elementor-widget elementor-widget-heading\" data-id=\"226de8c\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Pay attention to this!<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-b764686 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"b764686\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-8f91a41\" data-id=\"8f91a41\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-1a3f816 elementor-widget elementor-widget-text-editor\" data-id=\"1a3f816\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<ul class=\"ul1\"><li class=\"li1\">It is not enough to have a contract signed: the full working day must actually be completed.<\/li><li class=\"li1\">The tasks must be focused on rental management, not on unrelated ancillary or administrative tasks.<\/li><li class=\"li1\">The other requirements must also be met minimum participation (5% direct or 20% with family) and management functions with sufficient remuneration.<\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-ef71136 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"ef71136\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-185b39a\" data-id=\"185b39a\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-7619b11 elementor-widget elementor-widget-spacer\" data-id=\"7619b11\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-0b0b324 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"0b0b324\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-2136cdb\" data-id=\"2136cdb\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-4ca0f3a elementor-widget elementor-widget-heading\" data-id=\"4ca0f3a\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">What can you do if you have a similar structure?<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-9f4e656 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"9f4e656\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-4050bb7\" data-id=\"4050bb7\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-d4cdbac elementor-widget elementor-widget-text-editor\" data-id=\"d4cdbac\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<ul class=\"ul1\"><li class=\"li1\">Review the employment contracts of those who manage the properties: is it full-time? Are those hours being worked?<\/li><li class=\"li1\">Avoid confusion: if the person hired also works as a freelancer or for another company, they should do so outside of their working hours with you.<\/li><li class=\"li1\">Keep good records: in the event of an inspection, it will be essential to demonstrate the reality of the work and that there are sufficient material and human resources.<\/li><li class=\"li1\">Check whether you meet the other requirements for exemption, because one alone is not enough.<\/li><\/ul><p>\u00a0<\/p><p class=\"p3\">For further information, please consult Tax Advice.<\/p><p class=\"p3\">If you find this interesting, please share it on social media. Thank you!<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>If you have a company with rented properties and you are wondering whether you can apply for exemption from wealth tax, this circular is of great interest to you. When is a leasing company considered to have real economic activity?<\/p>\n","protected":false},"author":1,"featured_media":9039195,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[873],"tags":[1047],"class_list":["post-9039211","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-tax","tag-exemption-from-wealth-tax-rented-properties"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Exemption from Wealth Tax: Rented Properties - gremicat<\/title>\n<meta name=\"description\" content=\"If you have a company with rented properties and you are wondering whether you can apply for exemption from wealth tax, this circular is of great interest to you. 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