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V1742-16 ·20 April 2016 ·consulta-vinculante Medium impact
Tax

Joint ownerships are taxed via income attribution rather than Corporate Tax

A query was raised regarding whether a joint ownership (comunidad de bienes) engaged in retail trade is subject to Corporate Tax. The DGT ruled that only civil societies with a commercial purpose and fiscal legal personality are taxpayers; therefore, the joint ownership continues to be taxed through the attribution of income.

In 6 key points

How it affects those involved

This clarification confirms that joint ownerships do not acquire the status of corporate taxpayers simply by engaging in commercial activities, maintaining the tax regime of income attribution to members.

Lifecycle

2016-04-20PublishedPublished 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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