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V0967-16 ·11 March 2016 ·consulta-vinculante Medium impact
Tax

Joint ownerships are taxed via income attribution rather than Corporate Tax

A joint ownership (comunidad de bienes) operating a hairdressing business has enquired whether it should be subject to Corporate Tax. The DGT has ruled that, as it is a joint ownership and not a civil society with a commercial purpose and legal personality, it must continue to be taxed through the attribution of income within Personal Income Tax (IRPF).

In 6 key points

How it affects those involved

This ruling clarifies that joint ownerships do not acquire the status of a commercial civil society simply by conducting business, thus maintaining their tax regime based on income attribution to members.

Lifecycle

2016-03-11PublishedPublished 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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