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V0429-24 ·14 March 2024 ·consulta-vinculante Medium impact
Tax

Non-cash contributions to holding companies: fiscal neutrality, patrimonial status and dividend exemptions

Two natural persons (PF1 and PF2), together with their parents, hold shares in four operating entities (A, B, C and D) and plan to transfer their shares to two newly established holding companies (NEWCO1 and NEWCO2). The DGT confirms that the transaction may qualify for the special regime under Chapter VII of Title VII of the LIS (art. 87) if the 5% ownership threshold and uninterrupted holding during the previous year are met. The values received are assessed at the fiscal cost of the shares contributed (arts. 78 and 79 LIS). Dividends distributed by entities A, B, C and D to the NEWCOs may be exempt under article 21 LIS. The patrimonial status of the NEWCOs cannot be determined without sufficient consolidated balance sheet data.

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2024-03-14PublishedPublished in the BOE
Official text Based on BOE data (boe.es). Information, not advice.

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