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V1996-18 ·3 July 2018 ·consulta-vinculante Medium impact
Tax

Wealth Tax exemption is a prerequisite for the reduction on donation of shares

A query was raised regarding whether the requirements for the 95% reduction in Inheritance and Gift Tax are met when donating company shares to children. The DGT indicates that exemption from Wealth Tax is a necessary condition to access this reduction.

In 6 key points

How it affects those involved

This ruling clarifies that taxpayers must qualify for the Wealth Tax exemption to benefit from the significant tax reduction applicable to the donation of business shares.

Lifecycle

2018-07-03PublishedPublished 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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