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V1576-24 ·26 June 2024 ·consulta-vinculante Medium impact
Tax

Scrip dividends via fully paid-up bonus shares do not meet SOCIMI profit distribution requirements

A SOCIMI company has requested clarification on whether a scrip dividend issued through the delivery of shares is valid for fulfilling the obligation to distribute profits. The Directorate General for Taxes (DGT) has ruled that, as this method does not generate income for individual shareholders, it fails to meet the distribution requirement mandated by law.

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2024-06-26PublishedPublished 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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