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V0391-24 12 March 2024 · SG de Impuestos Patrimoniales, Tasas y Precios Públicos Criterion in force
ITPAJD · reducción de capital

Capital reduction to transfer assets to a new company constitutes a corporate transaction taxable event, albeit with zero tax base

A company sought clarification on whether reducing its capital to transfer real estate to a new company triggered Stamp Duty (ITP and AJD). The Directorate General for Taxes (DGT) ruled that while the operation is subject to the corporate transactions modality, the tax base is zero as no assets are being transferred to the shareholders.

The question raised

Cuestión planteada Tributación de la nueva sociedad y de la sociedad escindida en el Impuesto sobre Transmisiones Patrimoniales y Actos Jurídicos Documentados.

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