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V4407-16 ·14 October 2016 ·consulta-vinculante Medium impact
Tax

Reduction for transfer of economic activity may apply even if furniture and stock are sold separately

A query was raised regarding whether the reduction under Article 20.6 of the Inheritance and Gift Tax Act applies to a donation of a pharmacy licence and facilities where furniture and stock are sold separately. The DGT ruled that the reduction is indeed applicable to the value of the donated elements.

In 6 key points

How it affects those involved

This ruling clarifies that the separation of assets (selling stock and furniture while donating the business activity) does not disqualify the taxpayer from claiming the tax reduction on the donated portion of the economic activity.

Lifecycle

2016-10-14PublishedPublished 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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