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V1440-15 ·8 May 2015 ·consulta-vinculante Medium impact
Tax

Special regime does not apply if split aims to separate non-business assets

The consultant proposes a series of linked transactions (non-cash contribution, financial split, and share exchange) to restructure their business. The DGT finds that although economic motives appear valid, the combination of contribution and financial split achieves effects equivalent to separating non-business assets, which is not covered by the special regime.

In 6 key points

How it affects those involved

Companies attempting to restructure through linked transactions that effectively separate non-core assets may not benefit from the special regime, as such actions are deemed outside its scope.

Lifecycle

2015-05-08PublishedPublished 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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