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V1639-16 ·14 April 2016 ·consulta-vinculante Medium impact
Tax

Distribution of treasury surplus by a fiduciary compensation board does not constitute income for Corporate Tax purposes

A fiduciary compensation board has requested a ruling on whether the distribution of a treasury surplus, arising from the sale of a plot reserved to fund urbanisation, constitutes income for Corporate Tax purposes. The DGT has ruled that this does not constitute income for the board and, for the owners, it results in a lower acquisition cost for their land.

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2016-04-14PublishedPublished in the BOE
Official text Based on BOE data (boe.es). Information, not advice.

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