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V1900-14 ·15 July 2014 ·consulta-vinculante Medium impact
Tax

Retirement tax reduction unavailable if taxi driver continues working after retiring

A taxi driver using the objective estimation method asks whether they can reduce the capital gains tax resulting from the sale of their licence upon retirement. The DGT rules that if the driver continues working after retirement, the transfer is motivated by the cessation of activity rather than by retirement.

In 6 key points

How it affects those involved

Taxpayers must distinguish between retirement and the cessation of activity to correctly apply tax reductions on capital gains from the sale of business assets.

Lifecycle

2014-07-15PublishedPublished 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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