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V0795-23 ·3 April 2023 ·consulta-vinculante Medium impact
Tax

Donating assets used for professional activity may not result in capital gains or losses

A professional over the age of 65 seeks advice on the tax treatment of donating their business premises to their daughter. The DGT clarifies that, provided the requirements of the Inheritance and Gift Tax Act are met, no capital gain or loss will be recognised for the donor.

In 6 key points

How it affects those involved

This ruling clarifies the tax implications for professionals donating business assets, potentially avoiding capital gains tax if specific legal requirements are satisfied.

Lifecycle

2023-04-03PublishedPublished 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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