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V0320-14 ·10 February 2014 ·consulta-vinculante Medium impact
Tax

Potential application of 1% Corporate Tax rate following conversion into a real estate investment company

A company queried whether it could benefit from a 1% tax rate after converting into a real estate investment company, and whether income from the transfer of shares would allow for reinvestment relief. The DGT ruled that this is possible provided the requirements of Law 35/2003 and the regulations for collective investment schemes are met.

In 6 key points

How it affects those involved

Companies considering restructuring into real estate investment vehicles should note the specific tax rate benefits and reinvestment relief eligibility, subject to strict compliance with the Corporate Tax Law and collective investment regulations.

Lifecycle

2014-02-10PublishedPublished 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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