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V0074-15 ·13 January 2015 ·consulta-vinculante Medium impact
Tax

Contribution of assets with debt may be subject to onerous transfer tax if not a restructuring

An individual has enquired whether contributing mortgaged real estate to a company is subject to corporate operations tax or onerous transfer tax. The DGT explains that if the transaction constitutes a corporate restructuring, it is not subject to corporate operations tax and is exempt from transfer tax. However, if it does not qualify as a restructuring, the portion of the debt assumed by the company could be taxed as an onerous transfer of assets.

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2015-01-13PublishedPublished 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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