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V2614-16 ·13 June 2016 ·consulta-vinculante Medium impact
Tax

Agricultural or livestock joint ventures are not subject to Corporation Tax

A query was raised regarding whether a joint venture engaged in agriculture and livestock is liable for Corporation Tax. The DGT ruled that these activities fall outside the commercial sphere; therefore, the entity continues to be taxed under the income attribution regime.

In 6 key points

How it affects those involved

This ruling clarifies that joint ventures focused on primary sector activities (agriculture and livestock) do not acquire the status of a taxable entity for Corporation Tax purposes, maintaining their tax treatment under income attribution.

Lifecycle

2016-06-13PublishedPublished 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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