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V1562-22 ·30 June 2022 ·consulta-vinculante Medium impact
Tax

No capital gains tax on business donations if requirements of Art. 20.6 LISD are met

Owners of a livestock farm over the age of 65 have consulted whether donating their business to their daughter allows them to avoid declaring capital gains for Personal Income Tax (IRPF) purposes. The Directorate General for Taxes (DGT) has ruled that the exemption applies provided the requirements of Article 20.6 of the Inheritance and Gift Tax Law are satisfied.

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2022-06-30PublishedPublished 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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