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V3326-15 ·28 October 2015 ·consulta-vinculante Medium impact
Tax

Deduction for reinvestment of extraordinary profits may apply even if shareholding is diluted by a merger

An entity inquired whether it could apply the deduction for the reinvestment of extraordinary profits when acquiring a 5% stake in a company, even if that stake were subsequently diluted due to a merger by absorption. The DGT ruled that the deduction is applicable provided the required percentage is reached within the specified timeframe, and that the merger does not breach the investment maintenance requirements if other valid assets for reinvestment are acquired.

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2015-10-28PublishedPublished 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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