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V1429-21 ·14 May 2021 ·consulta-vinculante Medium impact
Tax

Retirement tax reduction unavailable for taxi licence transfer if activity continues

A taxi driver enquired whether the capital gain from selling their taxi licence could benefit from a retirement tax reduction. The DGT ruled that this is not applicable because the taxpayer continued to carry out the activity after retiring, meaning the transfer was not due to retirement.

In 6 key points

How it affects those involved

Taxpayers must cease their professional activity to qualify for retirement-related tax reductions on the sale of business assets.

Lifecycle

2021-05-14PublishedPublished 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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