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V5076-16 ·23 November 2016 ·consulta-vinculante Medium impact
FISCAL

Mining company share gains exempt in Spain if mine is part of industrial activity

A Swiss company asked whether gains from transferring shares in a Spanish mining company are tax-exempt in Spain under the Switzerland-Spain double taxation treaty. The DGT concludes that since the mine is an essential component of the company's industrial activity, the treaty exemption applies and no capital gain is taxable in Spain.

In 6 key points

How it affects those involved

Gains from share transfers in mining companies are exempt from Spanish taxation if the mine is integral to the company's industrial operations.

Lifecycle

2016-11-23PublishedPublished 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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