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V3643-16 ·2 September 2016 ·consulta-vinculante Medium impact
Tax

Income tax exemption for company donations denied if ten-year statutory period is not met

A query was raised regarding whether a son-in-law could benefit from the provisions of Article 33.3.c) of the IRPF (Personal Income Tax) law after receiving a donation of a pharmacy office. The Directorate General for Taxes (DGT) ruled that, although a son-in-law is considered an affine descendant, the ten-year maintenance period required by state law must be observed to avoid capital gains tax under the IRPF.

In 6 key points

How it affects those involved

This ruling clarifies that the tax exemption for donations is strictly subject to the statutory holding period, regardless of the familial relationship of the recipient.

Lifecycle

2016-09-02PublishedPublished 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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