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V2750-14 ·13 October 2014 ·consulta-vinculante Medium impact
Tax

Debt forgiveness between dependent companies does not generate income for the companies or their shareholders

A query was raised regarding whether the forgiveness of a debt between two companies held by the same shareholders generates income for the entities or for the individual shareholders. The DGT determines that there are no tax implications for Corporate Tax for the companies involved, nor for Personal Income Tax for the shareholders.

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2014-10-13PublishedPublished 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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