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V4429-16 ·17 October 2016 ·consulta-vinculante Medium impact
Tax

Joint ownerships taxed via income attribution if they are not civil societies with a commercial purpose

A query was raised regarding whether a joint ownership engaged in the furniture trade is liable for Corporate Tax. The DGT ruled that, as it does not meet the requirements of a civil society with a commercial purpose, it will continue to be taxed through the attribution of income to its members.

In 6 key points

How it affects those involved

This clarifies the distinction between joint ownerships and civil societies, ensuring that entities without a commercial purpose remain subject to personal income tax via income attribution rather than corporate tax.

Lifecycle

2016-10-17PublishedPublished 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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