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V2618-19 ·25 September 2019 ·consulta-vinculante Medium impact
Tax

Donation of a pharmacy with debt assumed by the donee may be exempt from VAT and not trigger Income Tax gains

A pharmacist has requested a ruling regarding the taxation of donating their business to a son, which includes the assumption of a mortgage debt. The DGT examines the VAT implications, the application of reliefs under Inheritance and Gift Tax, and the Income Tax treatment for both the donor and the donee.

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2019-09-25PublishedPublished 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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