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V1610-15 ·26 May 2015 ·consulta-vinculante Medium impact
Tax

Splitting of an agricultural holding cannot qualify for special Corporate Tax regime if it does not constitute a line of business

A company operating an olive grove intends to undergo a demerger (partial or total) to distribute ownership among its partners. The DGT rules that the operation does not meet the requirements for the special Corporate Tax regime nor for VAT exemption.

In 6 key points

How it affects those involved

Companies involved in agricultural demergers must ensure the resulting entities constitute a distinct line of business to benefit from special tax treatments.

Lifecycle

2015-05-26PublishedPublished 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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