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2021 Wealth Tax practical guide.

Due to the impact on economic activities of real estate in historic centres

Regulations: Article 13 of the Four Consolidated Text of the legal provisions of the Autonomous Community of Galicia with regard to taxes assigned by the State, approved by Legislative Decree 1/2011 of 28 July.

Requirements for applying the deduction

  1. That the assets or rights of economic content calculated for determining the taxable amount include real estate located in one of the historic centres established in the Annex to the Order of 1 March 2018 (DOG of 13).

    See Order of 1 March 2018, which determines the historical centres for the purposes of these deductions (DOG of 13).

  2. That these real estate assets are subject to an economic activity at least during the half of the calendar year corresponding to accrual.

Amount of the deduction

On 100% of the share corresponding proportionately to these assets. 100

Incompatibility

This deduction will be incompatible with the application for the same assets or rights as the exemptions from article 4 of the Wealth Tax Act, even if this exemption is partial.

Documentary justification

The ownership of the property in a historic centre will be accredited in accordance with the provisions of article of the Order of nico.2 1 March 2018 (DOG of 13), by means of a certificate issued by the corresponding town hall that the property is located located within the scope of the definition set out in the Annex to the Order of 1 March 2018.