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V2166-22 ·14 October 2022 ·consulta-vinculante Medium impact
Tax

Transfer of shares may be exempt from Transfer Tax if there is no intent to evade real estate tax

An entity has requested clarification on whether purchasing all shares in a company with real estate assets is exempt from Transfer Tax (ITP). The Directorate General for Taxes (DGT) explains that the transfer of securities is exempt, unless it is intended to circumvent real estate taxes, which requires an analysis of the use of the assets and the purchaser's intent.

In 6 key points

How it affects those involved

This ruling clarifies the boundary between the exempt transfer of securities and the taxable transfer of real estate, emphasizing that tax avoidance intent can trigger ITP liability.

Lifecycle

2022-10-14PublishedPublished 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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