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V1304-16 ·30 March 2016 ·consulta-vinculante Medium impact
Tax

Special regime for share exchanges and mergers may apply if valid economic reasons exist and legal requirements are met

The applicant asks whether a series of capital contributions followed by a merger can qualify for the special tax regime for corporate reorganisations. The DGT rules that this is possible provided that legal requirements are satisfied and the primary purpose of the operation is not to obtain a tax advantage.

In 6 key points

How it affects those involved

Companies undertaking restructuring through capital contributions and mergers can benefit from tax neutrality, provided they can demonstrate valid economic grounds beyond mere tax avoidance.

Lifecycle

2016-03-30PublishedPublished 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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