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V2768-21 ·11 November 2021 ·consulta-vinculante Medium impact
Tax

Cash or funds from the sale of shares in companies with economic activity are not treated as non-business assets

The taxpayer asks whether cash generated from the sale of shares in an entity should be classified as a non-business asset when determining if a company meets the exemption requirements for Wealth Tax. The DGT rules that, through a purposive interpretation, these funds are not counted as non-business assets if they originate from the sale of shares in entities engaged in an economic activity.

In 6 key points

How it affects those involved

This ruling provides legal certainty for companies seeking wealth tax exemptions, ensuring that liquidity resulting from the divestment of business shares is not used to disqualify them from such benefits.

Lifecycle

2021-11-11PublishedPublished 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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