Real property wealth tax

Real property wealth tax


The principle as regards real property wealth tax is that the usufructuary is taxable on the value of the asset under full ownership: the bare owner is not taxable (Article 885 G of the FTC). 

Exceptions to this principle include:

  • Assets where bare ownership is transferred to a presumed non-heir;

  • Gifts of the bare ownership of securities by a former company officer under certain conditions.

This document and the information it contains are intended to provide as complete and accurate information as possible. It is however theoretical in nature and must undergo all necessary checking prior to its application. FiscalImmo and its authors cannot in any circumstances be held liable on the basis of this document.