4.2.3.2. C2) Non-exempt real estate assets used for business and professional activities

Real estate assets used for economic activities shall be valued in all cases in accordance with the provisions for urban or rural real estate assets, as the case may be, unless they form part of current assets and the purpose of the activity consists exclusively of the development of business activities in construction or real estate development.

COMPLETION

You must indicate the following information for each property:

• IAE epigraph

  The section under which the activity is classified for the purposes of the Tax on Economic Activities will be indicated.

  Exceptionally, if the activity carried out does not require registration in the Economic Activities Tax, this box will be left blank.

• Password

  The urban or rustic nature of the property by selecting one of the following keys:

  U : urban property

  R : rustic property

• Situation

  One of the following keys will be selected:

  Key 1. Property with land registry reference located anywhere in Spain, except the Basque Country and Navarre.

  Key 2. Property located in the Autonomous Community of the Basque Country or in the Foral Community of Navarra.

  Key 3. Property with any of the above statuses but without a land registry reference. 

  Key 4. Property located abroad.

• Land registry reference number

  The amount shown on the property tax receipt will be recorded.

• Description of the asset or right

  Likewise, the data regarding the location of each property must be recorded: municipality and province.

• Value

  The value of the property will be indicated in accordance with the valuation rule set out above.