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A query was made regarding the valuation and application of reductions in Inheritance and Gift Tax when donating the bare ownership of shares. The DGT clarifies that the consolidation of ownership is taxed at the value held by the bare ownership at the time of the donation and allows for the application of any remaining unused reductions.
Question raised: Valuation and settlement in Inheritance and Gift Tax regarding the acquisition of bare ownership of shares. Taxation at the time of the consolidation of ownership. Application of the reduction both at the time of the acquisition of bare ownership and at the time of consolidation due to the death of the usufructuary. Receipt by the donor of remuneration for the performance of management functions in a subsidiary entity. Maintenance of the requirement under Article 20.6.c) in the event of the contribution of shares to holding companies owned by the donees. Settlement within said holding companies in the event of consolidation once the contributions have been made.
En la extinción del usufructo, el nudo propietario tributa por el valor atribuido a la nuda propiedad en su constitución, aplicando el tipo medio de gravamen de la desmembración. Se puede aplicar el resto de las reducciones previstas en el artículo 20 de la Ley 29/1987 si no se agotaron en la liquidación inicial. El desempeño de funciones directivas en una filial no impide la reducción si los requisitos de la actividad empresarial se cumplen en la entidad donada.
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