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V3965-16 ·20 September 2016 ·consulta-vinculante Medium impact
Tax

No entitlement to offset negative tax bases if majority stake is acquired following a holding of less than 25% and other conditions apply

A company sought clarification on whether it could offset negative tax bases from previous financial years following a change in its share capital structure. The Directorate General for Taxes (DGT) ruled that offsetting is not permitted as the limitations regarding the acquisition of the entity have been met.

In 5 key points

How it affects those involved

Companies undergoing changes in shareholding must be aware that acquiring a majority stake after previously holding less than 25% may trigger restrictions on the use of tax losses.

Lifecycle

2016-09-20PublishedPublished 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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