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V4388-16 ·13 October 2016 ·consulta-vinculante Medium impact
Tax

Joint ownerships taxed via income attribution rather than Corporate Tax

A query was raised regarding whether a joint ownership (comunidad de bienes) engaged in renting industrial premises is liable for Corporate Tax. The DGT ruled that, as it is a joint ownership and not a civil society with a commercial purpose and fiscal legal personality, it must be taxed through the attribution of income to its members.

In 6 key points

How it affects those involved

This clarification reinforces the distinction between joint ownerships and civil societies, ensuring that entities lacking commercial purpose and fiscal personality are correctly taxed via income attribution.

Lifecycle

2016-10-13PublishedPublished 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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