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V3050-14 ·7 November 2014 ·consulta-vinculante Medium impact
Tax

Presumption of no capital gains in share donations ruled inapplicable if Law 29/1987 requirements are not met

A query was raised regarding whether the presumption of no capital gains or losses applies to the donation of bare ownership of company shares to children. The DGT ruled that it is not applicable because the requirements for the reduction under the Inheritance and Gift Tax Act are not satisfied.

In 6 key points

How it affects those involved

This ruling clarifies that the tax presumption of non-existence of capital gains in share donations is conditional upon meeting specific statutory requirements, preventing taxpayers from bypassing capital gains tax through improper donation structures.

Lifecycle

2014-11-07PublishedPublished 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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