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V0011-24 ·13 February 2024 ·consulta-vinculante Medium impact
Tax

95% reduction in Inheritance and Gift Tax may apply to share transfers under specific requirements

A taxpayer has enquired whether the 95% reduction in Inheritance and Gift Tax can be applied when receiving shares from their mother. The Directorate General for Taxes (DGT) states that this requires compliance with Wealth Tax exemptions and other specific conditions.

In 6 key points

How it affects those involved

This ruling clarifies the strict conditions necessary to access significant tax relief on the transfer of business shares, particularly regarding wealth tax status and management roles.

Lifecycle

2024-02-13PublishedPublished in the BOE
Official text Based on BOE data (boe.es). Information, not advice.

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This analysis is informational only and does not constitute legal advice or create a client-adviser relationship. BM Consulting.
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