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V4099-16 ·26 September 2016 ·consulta-vinculante Medium impact
Tax

Donating a company may not trigger capital gains or losses if specific requirements are met

A taxpayer has enquired about Personal Income Tax (IRPF) implications regarding the donation of her hospitality business and related premises to her daughter. The Directorate General of Taxes (DGT) clarifies that inventory is taxed as income from economic activity, whereas fixed assets may not generate capital gains or losses provided they meet the requirements set out in the Inheritance and Gift Tax Act.

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2016-09-26PublishedPublished 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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