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V2792-18 ·24 October 2018 ·consulta-vinculante Medium impact
Tax

Family business reduction not applicable if the deceased did not pay Wealth Tax on those shares

A consultation was made regarding the applicability of the reduction under Article 20.2.c) of the Inheritance and Gift Tax Law to shares in a Mexican entity. The Directorate General for Taxes (DGT) ruled that it is not applicable because the deceased did not pay Spanish Wealth Tax on those specific shares.

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2018-10-24PublishedPublished 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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