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V1791-20 ·5 June 2020 ·consulta-vinculante Medium impact
Tax

Reduction in donation of shares depends on the entity not managing real estate or movable assets

A query was raised regarding whether the reduction for the donation of company shares is maintained if the assets consist of more than 50% non-business-related real estate. The DGT ruled that if the entity manages real estate or movable assets, the exemption from Wealth Tax is lost, and consequently, the reduction in Inheritance and Gift Tax is also lost.

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2020-06-05PublishedPublished 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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