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V0647-14 10 March 2014 · SG de Impuestos sobre las Personas Jurídicas Criterion in force
IS · escisión parcial

Partial demergers may qualify for special Corporate Tax regime and be exempt from VAT under certain conditions

A company engaged in property leasing and development has requested clarification on whether a partial demerger can qualify for the special Corporate Tax regime, be exempt from VAT, and how it would be taxed under ITPAJD and IIVTNU. The Directorate-General for Tax (DGT) has ruled that, provided the requirements regarding business lines and valid economic reasons are met, the special regime and VAT exemption may apply.

The question raised

1) Si la operación descrita de escisión parcial puede acogerse al régimen fiscal especial del capítulo VIII, del título VII del Texto Refundido de la Ley del Impuesto sobre Sociedades aprobado por Real Decreto Legislativo 4/2004, de 5 de Marzo.

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