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V2511-16 ·8 June 2016 ·consulta-vinculante Medium impact
Tax

No income tax exemption for holding investments for more than four years

A taxpayer inquired whether capital gains realised after holding an investment in an investment club for four years are exempt. The DGT ruled that current regulations do not provide for any exemption based on the holding period of an asset.

In 5 key points

How it affects those involved

The ruling confirms that the duration for which an asset is held does not grant tax relief on capital gains under current Spanish income tax law.

Lifecycle

2016-06-08PublishedPublished 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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