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V0941-14 ·2 April 2014 ·consulta-vinculante Medium impact
Tax

Absence of capital gains for donors requires compliance with Art. 20.6 ISD

The taxpayer asks whether the donation of shares in a real estate leasing company can be exempt from capital gains tax under Personal Income Tax (IRPF) by merely complying with Galician regional regulations. The Directorate General of Taxes (DGT) rules that to avoid capital gains tax for the donor, the strict requirements set out in Article 20.6 of the Inheritance and Gift Tax Law must be met.

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2014-04-02PublishedPublished 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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