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V2460-24 ·5 December 2024 ·consulta-vinculante Medium impact
Tax

Advances on company liquidation payments are taxed as income from movable capital

A query was raised regarding the Personal Income Tax (IRPF) treatment of amounts distributed by a company to its shareholders prior to final liquidation. The Directorate General for Taxes (DGT) ruled that these amounts constitute income from movable capital, which forms part of the savings tax base.

In 5 key points

How it affects those involved

Shareholders receiving advance payments during a company's winding-up process must report these amounts as movable capital income rather than capital gains, affecting the applicable tax rate within the savings tax base.

Lifecycle

2024-12-05PublishedPublished 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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