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V1151-16 ·22 March 2016 ·consulta-vinculante Medium impact
Tax

Land sales ineligible for 99% Corporation Tax relief

A public entity, wholly owned by a City Council, sought clarification on whether land sales resulting from budgetary stability regulations could benefit from the 99% Corporation Tax relief. The Directorate-General for Taxes (DGT) ruled that this relief applies exclusively to income derived from the provision of specific public services and does not extend to the transfer of real estate.

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2016-03-22PublishedPublished in the BOE
Official text Based on BOE data (boe.es). Information, not advice.

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