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V0892-22 ·26 April 2022 ·consulta-vinculante Medium impact
Tax

Non-proportional total demergers require assets to constitute business lines to qualify for special tax regime

A query was raised regarding whether a total demerger of a company, where shareholders receive shares in unequal proportions, can qualify for the special Corporate Tax regime. The DGT ruled that for this to apply, the segregated assets must constitute autonomous business lines that were previously identified within the transferring company.

In 6 key points

How it affects those involved

Companies undertaking total demergers must ensure that the assets being split off are clearly defined as autonomous business lines to benefit from tax neutrality; otherwise, the transaction may be treated as a taxable capital gain.

Lifecycle

2022-04-26PublishedPublished 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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