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V1105-16 ·21 March 2016 ·consulta-vinculante Medium impact
Tax

Family business tax reduction maintained if proceeds from partial asset sale are reinvested

A query was raised regarding whether the partial sale of an agricultural holding acquired through inheritance results in the loss of the reduction available under Inheritance and Gift Tax. The DGT ruled that the reduction is not lost, provided the acquisition value is maintained and the proceeds are immediately reinvested in other assets.

In 6 key points

How it affects those involved

This ruling provides legal certainty for heirs of agricultural businesses, confirming that partial divestment does not automatically trigger the loss of tax benefits, provided specific reinvestment criteria are met.

Lifecycle

2016-03-21PublishedPublished 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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