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V3152-21 ·20 December 2021 ·consulta-vinculante Medium impact
Tax

Special spin-off regime cannot be applied if segregated assets do not constitute a pre-existing line of business

A query was raised regarding whether a partial spin-off followed by a share exchange could qualify for the special Corporate Tax regime. The DGT ruled that, based on the facts, the assets to be transferred do not appear to constitute an autonomous line of business with its own prior organisation.

In 6 key points

How it affects those involved

Companies attempting to restructure through spin-offs must ensure that the assets being transferred function as a distinct, organised line of business prior to the transaction to benefit from special tax treatments.

Lifecycle

2021-12-20PublishedPublished 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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