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V1045-14 ·14 April 2014 ·consulta-vinculante Medium impact
Tax

95% reduction applicable to professional business donations if donor meets requirements

A query was raised regarding the applicability of the reduction under Article 20.6 of the Inheritance and Gift Tax Law and the regional tax relief in Murcia to the donation of a pharmaceutical business, where the premises are community property but the business is separate property. The DGT indicates that the reduction applies if the requirements regarding age, cessation of duties, and continued management by the donee are met, with these conditions applying only to the owner of the separate business.

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2014-04-14PublishedPublished in the BOE
Official text Based on BOE data (boe.es). Information, not advice.

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