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V1338-18 ·22 May 2018 ·consulta-vinculante Medium impact
Tax

Total demergers may qualify for special tax regime if carried out for valid economic reasons

A real estate leasing company has enquired whether its proposed total demerger project can qualify for the special tax regime. The DGT has ruled that, provided the transaction meets commercial requirements and the allocation of shares is proportional, it may apply as long as its primary purpose is not to obtain a tax advantage.

In 6 key points

How it affects those involved

This ruling provides legal certainty for corporate restructurings, confirming that tax efficiency alone is insufficient for special regime eligibility; substantive economic justification is required.

Lifecycle

2018-05-22PublishedPublished 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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