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V3051-19 ·29 October 2019 ·consulta-vinculante Medium impact
Tax

Total demerger may not qualify for special regime if deemed merely preparatory to a subsequent donation

A query was raised regarding whether a total demerger of a construction company could qualify for the special Corporate Tax regime. The DGT indicates that, even if commercial and proportionality requirements are met, if the operation is preparatory to a subsequent donation of shares, it will not be considered motivated by valid economic reasons and therefore cannot benefit from the special regime.

In 6 key points

How it affects those involved

Companies planning demergers must ensure the transaction is driven by genuine economic purposes rather than being a precursor to non-commercial transfers, such as donations, to avoid the loss of tax benefits.

Lifecycle

2019-10-29PublishedPublished 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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