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V2596-24 ·17 December 2024 ·consulta-vinculante Medium impact
Tax

Contribution of Spanish real estate to a Chilean company is subject to Stamp Duty

A consultation was made regarding whether a demerger carried out under Chilean law, involving the contribution of real estate in Madrid to a new Chilean company, is subject to the ITPAJD (Stamp Duty). The DGT determines that while it is not taxed as a corporate transaction, it is subject to the variable rate of Stamp Duty.

In 6 key points

How it affects those involved

The ruling clarifies that real estate contributions in demerger processes, even if governed by foreign law, trigger Stamp Duty obligations in Spain via the variable rate mechanism.

Lifecycle

2024-12-17PublishedPublished 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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