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V2286-20 ·6 July 2020 ·consulta-vinculante Medium impact
Tax

Lack of Wealth Tax exemption prevents Inheritance Tax reduction and Income Tax exemption

A father and son, partners in a legal services firm, inquired whether they could apply the reduction for the donation of shares. The DGT ruled that they cannot, as their professional remuneration does not meet the management functions requirement stipulated by Wealth Tax regulations.

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2020-07-06PublishedPublished 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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