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V3103-16 ·5 July 2016 ·consulta-vinculante Medium impact
Tax

Legal transformation from a civil society with legal personality into a community of property is not permitted

A query was raised regarding whether a private civil society can be transformed into a community of property of a commercial nature. The DGT ruled that Spanish regulations do not permit such a legal transformation and that, for Corporate Tax purposes, the querying entity is already a taxpayer due to its commercial purpose and fiscal legal personality.

In 6 key points

How it affects those involved

The ruling clarifies that a change in legal form from a civil society to a community of property is not legally recognised, maintaining the existing tax status and obligations of the entity.

Lifecycle

2016-07-05PublishedPublished 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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