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V3964-15 ·14 December 2015 ·consulta-vinculante Medium impact
Tax

Joint ownerships with non-mercantile activity taxed via income attribution in Personal Income Tax

A query was raised regarding whether a joint ownership (comunidad de bienes) engaged in installations, assembly, and painting should be taxed under Corporate Tax or via income attribution. The Directorate General for Taxes (DGT) ruled that, as it is not a civil society with a mercantile purpose, it must continue to be taxed under Personal Income Tax.

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2015-12-14PublishedPublished 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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