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V3278-19 ·28 November 2019 ·consulta-vinculante Medium impact
Tax

Donation of shares not treated as capital gain if Inheritance and Gift Tax and Wealth Tax exemptions are met

A 76-year-old father seeks clarification on whether donating his shares in a commercial company to his son allows for exemptions under Personal Income Tax (IRPF) and Wealth Tax. The Directorate General for Taxes (DGT) explains that the absence of a capital gain for IRPF purposes depends on meeting the requirements of the Inheritance and Gift Tax Law, which in turn require the application of the Wealth Tax exemption.

In 6 key points

How it affects those involved

This ruling clarifies the tax implications for family business successions, specifically how meeting inheritance and gift tax criteria can prevent the triggering of personal income tax on capital gains during the transfer of company shares.

Lifecycle

2019-11-28PublishedPublished 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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