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V3768-16 ·8 September 2016 ·consulta-vinculante Medium impact
Tax

Requirements for exemption from Corporate Tax on share transfers (Art. 21 LIS)

A consultancy and investment firm asks whether profits from the sale of shares in two entities (E and U) are exempt. The DGT responds that exemption is possible if the percentage ownership, fiscal residency, and non-patrimonial entity requirements are met.

In 6 key points

How it affects those involved

Companies transferring shares may qualify for tax exemption under specific conditions, reducing tax liability on such transactions.

Lifecycle

2016-09-08PublishedPublished 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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