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V1354-23 ·22 May 2023 ·consulta-vinculante Medium impact
Tax

Transfer of shares to be taxed as real estate transfer if evasion intent is presumed

The applicant asks whether the transfer of shares in a company whose primary asset is a building is exempt from ITPAJD (Transfer Tax). The DGT rules that if the criteria for presumed evasion are met, the transaction will be taxed as a transfer of real estate.

In 6 key points

How it affects those involved

This ruling clarifies that corporate restructuring or share transfers intended to circumvent real estate transfer taxes will be recharacterised for tax purposes, increasing the tax burden on such transactions.

Lifecycle

2023-05-22PublishedPublished 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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