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V0483-14 ·21 February 2014 ·consulta-vinculante Medium impact
Tax

Retirement tax relief unavailable on taxi licence transfer if activity continues

A taxi driver using the objective estimation method enquired whether they could reduce the capital gains tax on the sale of their licence upon retirement. The DGT ruled that if the individual continues working after retiring, the transfer is motivated by the cessation of activity rather than retirement, thereby preventing the application of the tax reduction.

In 6 key points

How it affects those involved

Taxpayers must ensure that the transfer of intangible assets is strictly motivated by retirement to qualify for specific tax reliefs; continuing the same professional activity post-retirement may disqualify the transaction from these benefits.

Lifecycle

2014-02-21PublishedPublished 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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