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V2192-20 ·29 June 2020 ·consulta-vinculante Medium impact
Tax

Donating a professional business may not trigger capital gains or losses for Personal Income Tax purposes

A lawyer requested guidance on how to declare the donation of a property used for their professional activity. The Directorate General of Taxes (DGT) clarified that if the requirements of the Inheritance and Gift Tax Law for the transfer of professional businesses are met, no capital gain or loss will be assessed for Personal Income Tax (IRPF) purposes.

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2020-06-29PublishedPublished 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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