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V0181-22 ·4 February 2022 ·consulta-vinculante Medium impact
Tax

Withdrawal from a cooperative is taxed as a capital gain or loss and does not qualify for reinvestment relief

A cooperative member has enquired about the taxation of the amount received upon withdrawal and whether they can apply for relief by reinvesting those funds into their new activity as a self-employed individual. The Directorate General for Taxes (DGT) has ruled that the amount constitutes a capital gain or loss and that reinvestment does not trigger any specific tax exemption.

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2022-02-04PublishedPublished 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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