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V0035-20 ·13 January 2020 ·consulta-vinculante Medium impact
Tax

Deconsolidation of real estate assets not forming a separate line of business is ineligible for special Corporate Tax demerger regime

A wine company has requested clarification on whether the segregation of estates and shares in another company qualifies for the special demerger regime. The Directorate-General for Taxes (DGT) has ruled that the real estate asset portion does not constitute a distinct line of business and, therefore, does not qualify for the special regime.

In 6 key points

How it affects those involved

Companies attempting to demerge real estate assets without a functional business structure cannot benefit from the tax advantages of the special demerger regime.

Lifecycle

2020-01-13PublishedPublished 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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