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V1927-20 ·12 June 2020 ·consulta-vinculante Medium impact
Tax

Payment of a 'ratchet' to managing partners taxed as employment income rather than capital gains

Consultants requested clarification on the tax treatment of an additional amount received by managing partners during a share sale via a 'ratchet' mechanism. The DGT has determined that this excess constitutes employment income instead of a capital gain.

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2020-06-12PublishedPublished 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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