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V1857-23 ·27 June 2023 ·consulta-vinculante Medium impact
Tax

The forgiveness of a debt between companies with the same shareholders does not generate tax income if treated accounting-wise as a contribution

A company (X) pays the debts of another (Y) due to derivative liability and asks whether the subsequent forgiveness of that credit has tax effects. The DGT responds that, if recorded accounting-wise as a contribution by shareholders to equity, there will be no tax income or expenses.

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2023-06-27PublishedPublished 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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