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Heritage 2023

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:

    OR: urban property

    A: rustic property

  • The percentage of ownership of the 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 located in the Autonomous Community of Navarra.

    Key 4. Property with any of the above statuses but without a land registry reference. 

    Key 5 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 asset will be indicated in accordance with the valuation rules set forth for real estate.

If you have to relate more elements than those contemplated in the program, you can declare them cumulatively in the last box. In this case you will only have to fill in the data relating to the description and the valuation.