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V4421-16 ·14 October 2016 ·consulta-vinculante Medium impact
Tax

Joint ownership communities taxed via income attribution rather than Corporate Tax

A query was raised regarding whether a joint ownership community (comunidad de bienes) engaged in the wholesale trade of bread and pastries is subject to Corporate Tax. The Directorate General for Taxes (DGT) ruled that, as a joint ownership community, it continues to be taxed through the attribution of income to its members.

In 6 key points

How it affects those involved

This ruling confirms that the commercial activity of a joint ownership community does not trigger Corporate Tax liability, maintaining the tax regime of income attribution to individual members.

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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