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V2821-15 ·29 September 2015 ·consulta-vinculante Medium impact
Tax

Transfer of shares is not considered a partial demerger if made to direct shareholders

A query was raised regarding whether the sale of shares in an entity could be subject to the tax avoidance exception for real estate and whether an alternative demerger could be tax-neutral. The DGT ruled that the transaction does not meet the requirements for a partial demerger and that, in principle, the transfer of securities remains exempt from VAT.

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2015-09-29PublishedPublished 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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