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V0734-20 ·6 April 2020 ·consulta-vinculante Medium impact
Tax

Reduction for commencement of activity may apply even if the pharmacy has been received as a gift

A taxpayer has inquired whether they can apply the reduction for the commencement of economic activity after receiving a pharmacy through a donation. The Directorate General for Taxes (DGT) has ruled that this is possible provided all legal requirements are met, regardless of whether a reduction was previously applied under Inheritance and Gift Tax.

In 5 key points

How it affects those involved

This ruling clarifies that the tax benefits for starting a new business activity are independent of the tax treatment applied during the acquisition of assets via donation.

Lifecycle

2020-04-06PublishedPublished 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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