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V2432-16 ·6 June 2016 ·consulta-vinculante Medium impact
Tax

Joint ownerships taxed under Personal Income Tax if lacking legal personality and commercial purpose

A joint ownership of graphic arts and web design services has requested clarification on whether it should be taxed under Corporate Tax or Personal Income Tax. The Directorate General for Taxes (DGT) has ruled that, as a joint ownership, it continues to be taxed under the income attribution regime for Personal Income Tax.

In 6 key points

How it affects those involved

This ruling confirms that joint ownerships without a commercial purpose and legal personality remain subject to Personal Income Tax through income attribution, rather than being reclassified for Corporate Tax purposes.

Lifecycle

2016-06-06PublishedPublished 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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