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V2677-20 ·2 September 2020 ·consulta-vinculante Medium impact
Tax

95% reduction in gift tax on shares depends on Wealth Tax exemption

A taxpayer has inquired whether a 95% reduction can be applied to the taxable base of a gift of company shares. The Directorate General of Taxes (DGT) states that this is only possible if the shares are exempt from Wealth Tax and if specific requirements regarding age, management roles, and economic activity are met.

In 6 key points

How it affects those involved

This ruling clarifies the strict link between Wealth Tax exemptions and the application of tax reductions for gifts of corporate interests, impacting tax planning for family businesses and succession.

Lifecycle

2020-09-02PublishedPublished 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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