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V4044-16 ·22 September 2016 ·consulta-vinculante Medium impact
Tax

Donation of a lottery business may be exempt from VAT if it constitutes an autonomous economic unit

An owner of a lottery retail outlet has requested a ruling regarding the taxation of donating her business activity to her son. The DGT has determined that the transaction may qualify for a reduction in Inheritance and Gift Tax, an exemption from Personal Income Tax (IRPF) on fixed assets, and may be outside the scope of VAT.

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Lifecycle

2016-09-22PublishedPublished 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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