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V1320-25 ·15 July 2025 ·consulta-vinculante Medium impact
Tax

Free creation of a life-term usufruct over shareholdings deemed capital movable income

A taxpayer enquires about the tax treatment of establishing a free life-term usufruct over limited company shares in favour of relatives. The DGT states that such income is classified as capital movable income and that, being gratuitous, it will be presumed to be remunerated unless proven otherwise.

In 6 key points

Lifecycle

2025-07-15PublishedPublished 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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