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V2445-22 ·28 November 2022 ·consulta-vinculante Medium impact
Tax

Capital reduction without distribution of assets to shareholders is not subject to corporate transaction tax

A single-member company has enquired whether a capital reduction intended to increase voluntary reserves, without the distribution of assets to the shareholder, is subject to Stamp Duty (ITP and AJD). The Directorate General for Taxes (DGT) has ruled that while the transaction constitutes a taxable event for corporate operations, the tax base is zero.

In 6 key points

How it affects those involved

This ruling provides legal certainty for companies performing capital reorganisations that do not involve an actual transfer of wealth to shareholders, confirming that no Stamp Duty is payable.

Lifecycle

2022-11-28PublishedPublished 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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