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V3055-21 ·7 December 2021 ·consulta-vinculante Medium impact
Tax

No capital gains or losses for Income Tax purposes on share donations if Art. 20.6 LISD requirements are met

A married couple over the age of 65 enquired whether the donation of shares in a property development and rental company could be exempt from Income Tax. The Directorate General for Taxes (DGT) ruled that no capital gain or loss will arise provided the requirements of Article 20.6 of the Inheritance and Gift Tax Law are satisfied.

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2021-12-07PublishedPublished 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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