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V1075-15 ·8 April 2015 ·consulta-vinculante Medium impact
Tax

No income recognised for cooperative upon distribution of cash surplus to members during liquidation

A housing cooperative has requested a ruling on the taxation of the surplus funds during its liquidation and the subsequent taxation for its members. The DGT has determined that no income is generated for the cooperative if the surplus is distributed solely in cash, whereas members will be taxed on any capital gains or losses incurred.

In 6 key points

How it affects those involved

This ruling clarifies that distributing remaining cash assets to members during the liquidation of a cooperative does not constitute taxable income for the entity itself, shifting the tax responsibility to the members as capital gains or losses.

Lifecycle

2015-04-08PublishedPublished 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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