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V0181-18 ·29 January 2018 ·consulta-vinculante Medium impact
Tax

Donating usufruct of company shares may trigger capital gains or losses for Personal Income Tax

A taxpayer has requested clarification regarding Personal Income Tax (IRPF) implications when donating the usufruct of family business shares to children or grandchildren. The Directorate General of Taxes (DGT) indicates that this lucrative transfer alters the composition of the taxpayer's assets and results in a change in net wealth.

In 6 key points

How it affects those involved

This ruling clarifies that the separation of usufruct from bare ownership in corporate shares is a taxable event, requiring a calculation of capital gains or losses based on the difference between the acquisition and transfer values.

Lifecycle

2018-01-29PublishedPublished 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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