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V2582-21 ·22 October 2021 ·consulta-vinculante Medium impact
Tax

Transfer of company shares is exempt from VAT and ITPAJD, unless intended to evade real estate taxes

A taxpayer inquired whether purchasing a partner's shares in two real estate companies is exempt from VAT and ITPAJD. The DGT ruled that while the transfer of securities is generally exempt, if it is carried out to evade real estate taxes, it will be taxed as if it were a transfer of real estate.

In 6 key points

How it affects those involved

This ruling clarifies that the tax exemption for the transfer of shares can be disregarded if the transaction is deemed an artificial arrangement to avoid property-related taxes.

Lifecycle

2021-10-22PublishedPublished 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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