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V1123-15 ·13 April 2015 ·consulta-vinculante Medium impact
Tax

No capital gains or losses for Income Tax purposes on the donation of bare ownership of company shares

A query was raised regarding whether the donation of the bare ownership of company shares allows for the non-existence of capital gains or losses for Income Tax purposes. The DGT confirms that this is possible, provided that the requirements for exemption from Wealth Tax and the reduction in Inheritance and Gift Tax are met.

In 6 key points

How it affects those involved

This ruling clarifies the tax treatment of bare ownership transfers, ensuring that such donations do not trigger capital gains tax if specific exemptions in Wealth and Inheritance/Gift taxes are satisfied.

Lifecycle

2015-04-13PublishedPublished 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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