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V1907-24 ·22 August 2024 ·consulta-vinculante Medium impact
Tax

6% share transfer in holding company may qualify for LIS art. 21.3 exemption

An entity with 6% of a holding company K's capital questions whether the transfer income may be exempt under LIS art. 21.3. The DGT confirms that, as K is a holding company (over 70% of income from dividends and interest), it is necessary to prove a minimum 5% indirect shareholding in K's subsidiaries with a holding period exceeding one year. If K holds more than 90% in its subsidiaries, the requirement is met indirectly, although the duration of holding is not proven in the query. The exemption applies with a 5% reduction in management expenses.

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2024-08-22PublishedPublished 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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