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V3060-14 ·7 November 2014 ·consulta-vinculante Medium impact
Tax

No capital gains or losses on the donation of bare ownership of shares meeting reduction requirements

The taxpayer asks whether the donation of the bare ownership of shares carries the same tax consequences as the transfer of full ownership. The DGT rules that, provided the exemption requirements for Wealth Tax are met, no capital gain or loss will arise for Personal Income Tax purposes.

In 6 key points

How it affects those involved

This ruling clarifies that the donation of bare ownership can be tax-neutral for Income Tax purposes if specific Wealth Tax reduction criteria are satisfied, preventing double taxation or unexpected tax liabilities during the split of ownership.

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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