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V2295-20 ·7 July 2020 ·consulta-vinculante Medium impact
Tax

No capital gains or losses shall be recognised on the donation of a business if ISD Law requirements are met

A retired pharmacist enquires whether donating his business to his son allows for the exemption of capital gains or losses. The DGT rules that the donation of stock is taxed as income from economic activity, but fixed assets may not trigger taxation if the requirements of the Inheritance and Gift Tax Law are satisfied.

In 6 key points

Lifecycle

2020-07-07PublishedPublished in the BOE
Official text Based on BOE data (boe.es). Information, not advice.

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