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V3143-16 ·6 July 2016 ·consulta-vinculante Medium impact
Tax

Joint ownership communities taxed via income attribution rather than Corporate Tax

A query was raised regarding whether a joint ownership community (comunidad de bienes) operating a hairdressing business is liable for Corporate Tax. The Directorate General for Taxes (DGT) ruled that, as it is a joint ownership community and not a civil society with a commercial purpose, its income is attributed directly to the partners.

In 6 key points

How it affects those involved

This ruling clarifies the distinction between joint ownership communities and civil societies with commercial purposes, ensuring that income from the former is correctly attributed to individual partners for tax purposes instead of being subject to Corporate Tax.

Lifecycle

2016-07-06PublishedPublished 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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