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V2944-21 ·19 November 2021 ·consulta-vinculante Medium impact
Tax

Dissolution of asset securitisation funds is exempt from transfer tax

A query was raised regarding whether the liquidation of Asset Securitisation Funds (ASFs) is subject to Transfer Tax (ITPAJD). The Directorate General for Taxes (DGT) has determined that, although these funds are treated as companies and their dissolution is a corporate transaction, such an operation is exempt from this tax.

In 6 key points

How it affects those involved

The ruling clarifies the tax treatment for the dissolution of asset securitisation funds, confirming that they benefit from a transfer tax exemption despite being treated as corporate entities.

Lifecycle

2021-11-19PublishedPublished 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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