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V2133-20 ·25 June 2020 ·consulta-vinculante Medium impact
Tax

Contributing land to a company may trigger capital gains for Personal Income Tax

A landowner has enquired about Personal Income Tax (IRPF) treatment when contributing urban land to a company. The Directorate General for Tax (DGT) clarifies that, provided the individual does not carry out a real estate development business, the contribution results in a capital gain or loss.

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2020-06-25PublishedPublished 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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