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V0092-21 ·27 January 2021 ·consulta-vinculante Medium impact
Tax

Dissolution of a company involving property allocation taxed as corporate transactions at 1 per cent

A query was raised regarding the taxation of Transfer Tax (ITP) and Stamp Duty (AJD) in the dissolution of a family holding company involving the allocation of real estate to shareholders. The DGT rules that the transaction is subject to the corporate transactions modality, with a rate of 1 per cent applied to the real value of the assets.

In 6 key points

How it affects those involved

Companies undergoing dissolution that involve the distribution of real estate assets to shareholders must account for a 1% tax rate based on the market value of said assets under the corporate transactions category.

Lifecycle

2021-01-27PublishedPublished 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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