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V1648-21 ·31 May 2021 ·consulta-vinculante Medium impact
Tax

The donation of assets used in a business generates capital gains or losses for Personal Income Tax purposes and is subject to VAT

A self-employed individual inquires about the tax treatment of the donation of assets from their jet ski rental business to a company. The DGT determines that the operation generates capital gains or losses for Personal Income Tax purposes and is subject to VAT as it does not constitute an autonomous economic unit.

Lifecycle

2021-05-31PublishedPublished 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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